3 Platforms in Jordan offering innovative FinTech solutions

By Leandra Monteiro

Boosted by a young and tech-savvy population, Jordan is an ideal market for FinTech growth. FinTech includes a wide range of products and services, such as online banking, mobile payments, peer-to-peer lending, digital wallets, and financial management tools.

FinTech companies often use advanced technologies such as artificial intelligence, blockchain, and big data to create new financial products and services that are more efficient, accessible, and user-friendly than traditional financial institutions. The FinTech market in Jordan’s largest segment will be digital investment with a total transaction value of $6.81m in 2023. The Digital Assets segment is expected to show a revenue growth of 36.7% in 2024.

Here are 3 companies in Jordan offering innovative FinTech solutions:

• Beeezcrowd

BeeezCrowd is an equity-based crowdfunding platform that is connecting interested investors to Micro SMEs companies who want to raise funds. It is a Digital Partnership Platform based on converting companies to digital shares and selling a percentage of these shares to investors.

The platform provides an opportunity for SMEs, and startups to obtain funds through the participation of a large number of investors to get digital shares “Digital Share is equity from the profit of company”. Where businesses ask a large number of investors to invest a relatively small amount in selected companies offering Digital equity. In return, investors receive digital equity shares from the company.

• Solfeh

Solfeh is a micro-lending institution that aims to reach employers who have limited financial capabilities to support their salaried employees by providing same-day emergency cash through its innovative software platform.

The company is avid about developing a socially responsible sustainable microlending module that has both employer and employee interest in mind. Solfeh understands the need of employees for cash in emergency situations and has developed an online financial platform for an easy, quick and safe lending process via our website and mobile app.

• 7asaleh

7asaleh is a personal finance and digital payment solution for kids and their parents. The app provides a gamified banking experience for families across the MENA region to help children manage their allowances through chores and daily tasks. It helps parents set up a monthly, weekly or instant allowance for their child that can go toward their spendings, savings, and kind acts of donations.