SOURCE: MetLife Inc.DESCRIPTION:
by MetLife Foundation and Village Capital
The financial technology, or fintech, revolution is gaining momentum in the MENA (Middle East/North Africa) region. Fintech investments in MENA totaled $18 million in 2016. In 2017, that figure was surpassed by a single $20 million round raised by the payment platform Paytabs, leading to heightened interest among investors: Wamda Research Lab, for example, puts total 2017 fintech investments in MENA at more than $50 million, a 270 percent year-over-year increase.
KEYWORDS: metlife foundation, Village Capital, financial technology, fintech, Financial Inclusion, Middle East North Africa (MENA)