In numbers: Saudi Arabia’s 24 Fintech 2024

As the global fintech sector is poised to quintuple by 2030, reaching $1.5tn in revenue, Saudi Arabia is emerging as a key player in this transformative space. The kingdom’s fintech sector is projected to grow from $64bn in 2024 to $87bn by 2029, with the number of fintech companies surging from 89 in 2022 to 200 in 2023.

To mark the sector’s growing importance and in line with Saudi Arabia’s Vision 2030, the inaugural 24 Fintech 2024 event is set to take place from September 3-5 at the Riyadh Front Exhibition and Convention Centre.

This landmark event aims to elevate Saudi Arabia as a global fintech powerhouse, fostering innovation, collaboration and networking among industry leaders.

“Saudi Arabia’s fintech industry is experiencing remarkable growth, driven by robust government support and the digitalisation of the banking and finance sectors,” said Annabelle Mander, senior vice president at Tahaluf, one of the event’s organising partners.

24 Fintech 2024 will feature a host of initiatives, including Venturescape, which will gather over 200 global investors and 100 fintechs for workshops, mentorship, and pitch competitions.

The event will also spotlight top trends such as artificial intelligence and machine learning, with experts discussing their potential to revolutionise financial services.

With high-profile speakers and sponsors like Visa, J.P. Morgan Payments, and Mozn, 24 Fintech 2024 promises to be a pivotal event, positioning Saudi Arabia at the forefront of fintech innovation on the global stage.

In numbers: Shining the spotlight on 24 Fintech 2024 and the kingdom’s fintech ecosystem