The UAE continues to strengthen its position as a hub for fintech startups as the country is home to highest number of startups and investments into this nascent sector, thanks to government support and initiatives taken by the financial free zones in Dubai and Abu Dhabi.

According to Bloomberg Intelligence, the UAE is home to the highest number of fintech startups at 67 followed by 44 in Turkey, 30 each in Jordan and Lebanon. While South Africa leads in Africa with 184 startups followed by 146 in Nigeria, 111 in Kenya, 36 in Ghana, 34 in Egypt and 24 in Uganda.

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