{
}
Valu, Egypt's leading financial super-app, boasts over 700,000 active users and has launched co-branded credit and prepaid cards, achieving 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores. In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services, while companies like MyFatoorah and MNT-Halan are making significant strides in payment solutions and lending, respectively.
Binance has secured a historic $2 billion investment from UAE-based MGX, highlighting the fintech boom in the MENA region, where 119 startups raised $700 million in 2024. Key players like Tabby, Fawry, and Rasan are leading the charge, with significant growth in digital payments, BNPL services, and insurtech, setting new benchmarks in the financial technology landscape. The future looks promising, with expectations of more unicorns and cross-border expansions as MENA solidifies its status as a fintech hub.
Valu has emerged as Egypt's leading financial super-app, boasting over 700,000 active users and launching co-branded credit and prepaid cards that achieved 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores.In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services. Companies like MyFatoorah and MNT-Halan are making significant strides, while cross-border expansion is anticipated, positioning the region for a robust future in the global fintech landscape.
Egypt's fintech sector is rapidly evolving, with over 170 companies enhancing financial inclusion through innovative digital wealth management and investment platforms. Key players include Thndr, Azinvest, Bokra, Valu, and Fawry, each offering unique services that empower users to invest and manage their finances effectively. Thndr, for instance, has surpassed 3 million downloads and processed $1.8 billion in trading volume, while Fawry has expanded its offerings to include a tax-free investment fund, highlighting the growing intersection of digital payments and investment solutions in the region.
Value Line, Inc.
Companies
| Symbol | VALU |
| Name | Value Line, Inc. |
| Currency | USD |
| Sector | Financials |
| IndustryGroup | Diversified Financials |
| Industry | Capital Markets |
| Market | NASDAQ Global Select |
| Country | United States |
| State | NY |
| City | New York |
| Zipcode | 10176-0001 |
| Website | http://www.valueline.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
fintech boom in mena drives innovation and investment in 2024
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20:23 16.03.2025
fintech revolution in mena accelerates with record funding and innovative startups
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19:42 16.03.2025
fintech revolution in mena drives growth and innovation in 2024
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Value Line, Inc.
TUR
ARE
OMN
SAU
PAK
PSE
KWT
JOR
EGY
Ahmed Mohsen
Moayad Alfallaj
Jayesh Patel
Mounir Ikram Nakhla
Abdullah Aldabbous
Ahmad Hammouda
Seif Amraoui
Daniil Barkalov
Walid Hassouna
Nasser Al-Saleh
Ashraf Sabry
Hosam Arab
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00:50 15.03.2025
emerging digital wealth and investment apps transforming egypt's financial landscape
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