Forbes Middle East has released its annual Fintech 50 list, with Saudi-based Tabby holding the top spot for the second consecutive year.
The 50 companies on the ranking collectively processed more than $260 billion in transactions in 2025.
The list features companies from 10 countries. The UAE leads with 15 entries, followed by Saudi Arabia with 13 and Egypt with 10. A total of 18 companies joined the ranking for the first time, including Network International, Astra Tech, Digit9 and PRYPCO.
Tabby, a shopping and financial services app, processes more than $18 billion in annual transaction volume. Egyptian e-payments pioneer Fawry took second place, supported by 55.4 million monthly users as of June 2026.
Egypt's MNT-Halan ranked third. In June 2026, the company secured an investment round led by Al Ahly Capital Holding, the investment arm of the National Bank of Egypt, at a valuation of $1.4 billion. It is now offering a 20 percent stake through an IPO on the Egyptian Exchange, which is set to close by mid-October.
UAE-based Network International, a provider of digital payment and fintech solutions, came in fourth.
Forbes Middle East assessed companies on external investment, transaction volume, active users, consumer reach, geographic footprint and progress in innovation, growth and expansion over the past year. Fintech entities affiliated with exchange houses, telecom operators, traditional banks and government institutions were excluded.
News Source: Emirates News Agency
