Logo ofFinancial Sector Development Program (FSDP)
The Financial Sector Development Program’s (FSDP) 2024 annual report revealed that the number of fintech companies operating in Saudi Arabia exceeded the program’s targets, reaching 261 active firms by the end of 2024. 
The report highlighted that this figure is nearing the Vision 2030 target of 525 fintech companies.
Out of the total, 138 fintech firms were licensed by the Saudi Central Bank (SAMA), 52 by the Capital Market Authority (CMA), and 14 by the Insurance Authority (IA).
The Fintech Strategy has successfully generated over 11,000 direct jobs in the sector, including more than 8,500 positions within companies regulated by SAMA.
Cumulative venture capital investment in the fintech sector has exceeded SAR 7.6 billion.
The chart below illustrates the growth in the number of fintech companies since 2020:
Growth of Fintech Companies
2020
14
2021
17
2022
147
2023
216
2024
261
Logo ofFinancial Sector Development Program (FSDP)
The Financial Sector Development Program’s (FSDP) 2024 annual report revealed that the number of fintech companies operating in Saudi Arabia exceeded the program’s targets, reaching 261 active firms by the end of 2024.
The report highlighted that this figure is nearing the Vision 2030 target of 525 fintech companies.
Out of the total, 138 fintech firms were licensed by the Saudi Central Bank (SAMA), 52 by the Capital Market Authority (CMA), and 14 by the Insurance Authority (IA).
The Fintech Strategy has successfully generated over 11,000 direct jobs in the sector, including more than 8,500 positions within companies regulated by SAMA.
Cumulative venture capital investment in the fintech sector has exceeded SAR 7.6 billion.
The chart below illustrates the growth in the number of fintech companies since 2020:
Growth of Fintech Companies
2020
14
2021
17
2022
147
2023
216
2024
261
