• The 15 apps had 9.5 million downloads and $6.9 billion worth of transactions in 2020.
  • A.E.-based Fintechs represent 40% of the list with six entries.
  • Egypt’s myFawry tops the ranking with over 1.6 million downloads last year.

Dubai: Forbes Middle East has released a list of the region’s Top 15 Fintech Apps 2021, highlighting the mobile applications helping customers make payments, remit money, borrow and invest online. The list was constructed based on the amount of money executed through the app in 2020, the number of downloads and active users, and the date of establishment. Fintech applications owned by traditional banks and telecommunication firms were excluded.

Egyptian payment portal myFawry topped the ranking with over 1.6 million downloads last year. Remittances and money transfer platforms Al Ansari Exchange Mobile App in the U.A.E. and Kuwait-based Al Mulla Exchange placed second and third, respectively. Established in 2020, Kuwait’s FinFirst Capital is the youngest app featured at 14th position. The financial services marketplace has conducted 5,000 transactions worth a total of $60 million.

The companies featured on this list amassed a combined total of 9.5 million downloads and processed $6.9 billion worth of transactions in 2020. The apps represent five countries. Six are headquartered in the U.A.E., followed by four in Egypt, three in Kuwait, and one each in Jordan and Saudi Arabia.

Top Fintech Apps In The Middle East 2021: Country Breakdown







Saudi Arabia





Click here for the complete ranking of the Top Fintech Apps In The Middle East 2021. 

Top 5 Fintech Apps In The Middle East 2021 

  • 1 | myFawry
  • Payment Portal
  • Established: 2019
  • Country: Egypt 
  • 2 | Al Ansari Exchange Mobile App
  • Remittances and Money Transfer
  • Established: 2018
  • Country: U.A.E.
  • 3 | Al Mulla Exchange
  • Remittances and Money Transfer
  • Established: 2018
  • Country: Kuwait 
  • 4 | MyFatoorah
  • P2P Payment Solutions
  • Established: 2016
  • Country: Kuwait 
  • 5 | valU
  • Buy-Now-Pay-Later (BNPL) Platform
  • Established: 2017
  • Country: Egypt


About Forbes Middle East

Forbes Middle East is a licensed edition of Forbes for the Arab world, championing inspiring business journalism and entrepreneurial capitalism. Its online and social platforms break news covering billionaires, business, investment, technology, economy, entrepreneurship, leadership, and luxury lifestyles. The monthly magazine, featuring in-depth interviews with the Middle East’s most influential and innovative leaders, is published in print in English and Arabic, with digital versions available to both regional and global audiences online.

Forbes Middle East extends the Forbes brand of journalism across the Arab world, conducting its own comprehensive research to publish original lists that adhere to strict methodologies. Its content attracts business leaders, investors, active and potential entrepreneurs, and a wide audience of ambitious and influential executives.

Media Contact

Juweyria Hersi,


Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.