Total revenue by SAMA fintechs 2018-2022
In 2022, fintechs in Saudi Arabia saw revenue increase by over 800 million Saudi Arabian riyals over the previous year, amounting to 2.8 billion SAR. Since 2018, fintechs authorized by the Saudi Arabian Monetary Authority (SAMA) have seen a sharp increase each year in revenue. Year over year growth was strong, with the highest jump recorded between 2020 and 2021 when revenue increased two-fold.