Here are all the key partners & sponsors at 24 Fintech 2024

The Gulf region’s fintech market, despite a recent downturn in funding and valuations, continues to be a hub of innovation and growth. The emergence of disruptive technologies like generative AI (GenAI) and the robust demand for innovative financial solutions present significant opportunities for the GCC fintech sector.

“Despite a challenging venture capital landscape, fintech remains a top choice for investors in MENA, raising $186m across 50 deals in the first half of 2024,” venture capital data firm Magnitt said in its H1 2024 MENA FinTech Venture Investment report.

GCC countries, especially Saudi Arabia, are actively developing their fintech sectors. Fintech hubs have sprung up across the region, attracting substantial investments for promising startups.

Saudi Arabia is set to host the inaugural edition of 24 Fintech Summit from September 3 to 5 in Riyadh. The flagship fintech event brings together industry leaders, innovators, and investors to discuss the latest trends and opportunities in the fintech sector.

The kingdom registered a record 391 per cent year-over-year growth in fintech funding during the first half of the year, reaching $66m compared to $13m in the same period a year earlier.

24 Fintech provides a platform for a collective commitment to unlocking business and networking opportunities, embracing change, and leading innovation.

The event, which is expected to happen annually, is being hosted by the Financial Sector Development Program – a program by Saudi’s Council of Economic and Development Affairs in alignment with Vision 2030 economic diversification strategy, Saudi Central Bank (SAMA), the Capital Market Authority and Insurance Authority.