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
48% of MENA healthtec startups have the potential to serve people around the world, addressing quality, access, and costs of healthcare.
Egypt and the UAE have the most startup health activity in MENA, followed by Palestine, Lebanon, Jordan, and Saudi Arabia, respectively.
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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