The UAE’s financial technology (fintech) market is on a sharp upward trajectory, projected to reach $3.56 billion by 2025 and $6.43 billion by 2030, according to a recent Forbes report.
With a compound annual growth rate (CAGR) of 12.56%, the UAE is positioned among the fastest-growing fintech markets worldwide.
Titled “What Can FinTech Learn From The UAE's Rise As The Next Hotspot?”, the report highlights the country's competitive edge, including low startup costs, business-friendly free zones like Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM), and a regulatory framework that encourages innovation and sustainability.
The report underscores the UAE’s transformation into a global fintech hub, crediting government policies that attract foreign direct investment and support emerging technologies such as generative AI and blockchain. Fintech startups in the UAE are thriving, backed by a robust funding ecosystem and strategic regulatory support.
Arif Amiri, CEO of DIFC, noted that the UAE’s dynamic ecosystem—featuring an independent regulator, efficient judicial system, and international stock exchange—positions fintech startups for regional and global expansion.
In 2024 alone, UAE-based startups raised $1.1 billion across 207 deals, leading the MENA region. This strong capital flow is enabling rapid innovation and solidifying the country's fintech leadership.
The report concludes that the UAE offers a model for fintech success, built on sound regulation, local compliance, and a commitment to safe, scalable financial operations.
News Source: Emirates News Agency
