3 FinTechs reshaping the personal finance space in Middle East

By Delisha Fernandes

FinTechs are transforming the personal finance landscape not only in established financial hubs but also in emerging markets like the Middle East.

In the Middle East, a new wave of innovative FinTech companies is reshaping how individuals manage their finances, offering convenient, efficient, and accessible solutions tailored to the needs of consumers.

From mobile banking to digital investment platforms, these FinTech startups are leveraging cutting-edge technology to democratize financial services, empowering users to take control of their financial well-being like never before.

Here are 3 FinTechs reshaping the personal finance space in Middle East:

• Bankiom

Bankiom is a personal finance management app in UAE that gives you full control over your finances by centralizing all your bank accounts and providing powerful control features. Bankiom offers financial services and improves the financial well-being of people, one cardholder at a time. Bankiom is based out of Dubai, UAE, with products in the GCC.

• Hakbah

Hakbah is a Saudi FinTech startup specialising in alternative savings and savings groups. Hakbah mission is to digitize financial habits by developing innovative savings products that help increase financial inclusion, support a non-cash society, and bridge the gender gap in savings. The Saudi Central Bank (SAMA) permits Hakbah to test its innovative products under the Regulatory Sandbox.

• Yabi

Yabi is a personal finance platform in the Middle East. Through this app, users can access a range of educational resources and tools designed to help them manage their money effectively. From budgeting and understanding investments to planning for retirement, Yabi provides valuable insights and guidance tailored to the unique financial landscape of the UAE.