<ul><li>Saudi Arabia's fintech sector is experiencing rapid growth, driven by the Fintech Strategy and Vision 2030 goals.</li><li>There are 216 active fintech companies in 2023, surpassing the target of 150 by 44%.</li><li>The payments sector dominates the fintech landscape, with non-cash transactions reaching 70% in 2023.</li><li>Fintech funding in Saudi Arabia increased by 830% to SAR 6.9 billion in 2023, driving innovation and scaling businesses.</li></ul>

The Rapid Growth of Saudi Arabia’s Fintech Sector: Insights from the Annual Fintech Report 2023

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