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May 2020

The State of Financial Health Startups in the Middle East & North Africa

Fintech is reshaping the financial landscape in the Middle East and North Africa – but will it help decrease inequality in the region?

Fintech has recently become the most-active sector for startup investment in MENA. While much of the media coverage has focused on digital payments and e-commerce, this report will highlight fintech innovation that is improving “financial health” for the region’s most marginalized communities: tech that helps people manage their income and expenses, weather financial shocks and plan for a healthy financial future.

The startups in this report are working at the intersection of fintech and impact. This research is informed by Village Capital’s work in the Middle East and North Africa, including an accelerator we held in November 2019 in Amman, Jordan with MetLife Foundation.