Insights, reports and interviews from the Mena region
Total number of fintech startups launched in MENA: 46 (in 2013) 105 (in 2015) 250 (expected 2020)
Fintech startups raised $100M in 10 years, plan to raise $50M in 2017
4 in 5 fintech startups have 1 or more co-founder with professional experience in financial services
44% of startups partner with corporations, another 44% seek to establish partnerships in future
43% of the startups interviewed in this study are self funded and fewer than 30% obtained VC or angel funding.
More cleantech startups launched in MENA during the last 2 years than in the 6 years before
90% of MENA's cleantech startups were created in the last 5 years.
90% of entrepreneurs plan to hire in the next 1-2 years
60% of entrepreneurs are satisfied with their local talent pool
53% of the surveyed workforce is willing to work for a lower salary if their employer provides equity in return
Companies need to identify their strategic objectives from startup collaborations.
Startup engagement models need a multi-stakeholder impact measurement framework.
Corporations in the Internet/IT (40%), media (57%), and telecoms (100%) sectors experience or anticipate technological disruption.
89% of corporations and 94% of startups see value in partnering with one another.
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