SAMA licensed and authorized fintech companies in Saudi Arabia 2018-2022
In 2022, the number of fintech companies licensed by the Saudi Arabian Monetary Authority (SAMA) stood at 30, almost double the amount compared to the previous year. Before 2020, there were less than thirty fintech companies authorized by the SAMA to operate within the country, and zero were licensed. Since 2020, however, fourteen companies were licensed, and subsequently, there has been a rise is both licensed and authorized companies within the country.