back Back

3 companies revolutionizing the Kuwait FinTech space

By Leandra Monteiro

September 16, 2021

Share

KuwaitFinTech has become a quite major buzzword across the Gulf Cooperation Council (GCC) as countries aim to diversify and gain a foothold in this new dynamic industry. Kuwait too is aiming to become a major player in the FinTech space. With the country’s finance sector well established compared to other countries in the GCC, it gives impetus to a booming FinTech industry.

The Global Fintech Index 2020 ranks Kuwait City as the ninth-best FinTech destination in the Middle East and North Africa, and the fourth-best in the GCC behind Dubai, Manama, and Riyadh. As more and more companies are entering into the FinTech space, here are 3 to look out for:

FinFirst: FinFirst digital platforms deliver a digital experience for auto loans, personal loans, car insurance. The platform also offers consumer loans such as personal loans, healthcare loans, automobile loans, education loans, and mortgage loans.

Furthermore, it offers business loans such as working capital, asset financing, and invoice financing. FinFirst has various banking products including investment funds such as mutual funds, equity funds, and real estate funds, bank accounts, fixed deposit solutions. It provides credit analysis, bank statement analysis, and risk analysis. The FinTech aims to remove all physical interactions from financial products, and let customers enjoy a smooth digital journey from the comfort of their offices or homes.

MyFatoorah: MyFatoorah is a new and innovative online payment solution, enabling Kuwaiti businesses of all sizes to maximize efficiency when it comes to taking payments online. It provides payment solutions to businesses and offers payment gateways, payment links, and invoice-based payment solutions.

The company’s smart technology makes it simple for users to invoice and collect payments, and quick deposit time through all major banks helps improve cash-flow, too.

Tap: Tap simplifies payments for businesses by offering payment gateways to businesses and bill payment app to consumers. The FinTech offers an API-based payment gateway through which businesses can accept card payments. Additionally, it offers a dashboard to businesses to view their transaction history and payment analytics.

Tap also extends goCollect, a payment collection platform for companies to create custom bills and share it with customers through various channels like Whatsapp, email, etc.

ALSO READ: Cool FinTech Report 2021

Previous Article

September 16, 2021

LPA Group hires a new partner to expand Swiss consulting practice

Read More
Next Article

September 16, 2021

UNest, the money app, anounce integration with PayPal

Read More








IBSi Daily News Analysis

fraud,

March 05, 2024

Regulated firms at risk of financial crime due to lack of daily customer due diligence

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Landsbankinn enhances Sanction Screening in Iceland with Swift’s TSS

Read More

Today

Unitas Wholesale taps Acquired.com for Open Banking payments

Read More

Today

Huawei Cloud & PayTabs team to boost digital payments in MENA

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023