MENA Fintech Awards 2022 Names the Region’s Best Fintech Companies

The inaugural MENA Fintech Awards organised by the MENA Fintech Association (MFTA) came to a close on 15 November with an awards ceremony hosted by the Abu Dhabi Finance Week (ADFW).

The awards, organised in partnership with consulting firm Grant Thornton, honours the best and leading startups in the fintech industry across the Middle East and North Africa.

Founded in 2018, the MFTA is a not-for-profit group established to represent and offer a regional voice for the growing number of fintech firms in the MENA region.

This is the first edition of both the MENA Fintech Awards and Abu Dhabi Finance Week, with the awards being one of 30 events held during the ADFW hosted by the Abu Dhabi Global Market (ADGM).

MENA Fintech Awards 2022 Winners

Best Payments Fintech: Paymob (Egypt)

Paymob is a payments infrastructure company based in Cairo. Its digital payments platform enables transactions for technology companies such as Swvl, Uber and Grubhub.

The company recently partnered with BNPL shopping app and Best Fintech Onboarding award winner Tabby to enable its buy now pay later (BNPL) payment solutions in Egypt.

Founded in 2015, Paymob last raised a US$50 million Series B in May 2022 led by Kora Capital, PayPal Ventures and Clay Point — one of the largest corporate venture funding rounds this year.

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