Morocco Is Now Home to Many Fintech Services, Crowdfunding,

Morocco Is Now Home to Many Fintech Services, Crowdfunding, Lending, Advanced Data Analytics Platforms: Report


Morocco Is Now Home to Many Fintech Services, Crowdfunding, Lending, Advanced Data Analytics Platforms: Report
April 19, 2021 @ 10:37 pm By Omar Faridi
Morocco is reportedly one of the most prominent Fintech hubs in the MENA region, as it’s currently home to approximately 13% of around 400 regional Fintech businesses, according to research carried out by financial inclusion supporter
Consultative Group to Assist the Poor (CGAP).
The report, titled
Fintechs Across the Arab World, has examined the Fintech sector across 22 member nations of the
Arab League. The study looks into how the financial technology space has evolved and matured during the past few years. CGAP managed to identify around 400 Fintech platforms and solutions being offered by more than 320 different service providers in the region (as of November of last year). As expected, the United Arab Emirates (UAE) is home to the most Fintech firms (23%) and it’s followed by MENA region’s Egypt (14%) and Morocco (13%).

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