Ambitious fintechs naturally gravitate towards hubs where they can benefit from network effects in areas such as investment, talent and idea generation. As a result of this, cities such as San Francisco, London and Shenzhen have fast become hotbeds for scaling fintech businesses that have gone on to become global household names.
The UAE is also one of the leading fintech hubs globally, and the UAE government and business community are making concerted and coordinated efforts to further strengthen the country’s position as an international hub for new and established fintechs alike.