Thawani amongst 50 top fintech companies in MENA
Thawani, an Omani fintech company, has secured its place as the fortieth top financial technology company in the Middle East according to the 2024 rankings released by Forbes Middle East. Notably, it is the sole Omani company to feature on the list. Majid al Amri, the Founder and CEO of Thawani Technologies, expressed pride in the company’s achievement, emphasising that it reflects their relentless dedication to advancing financial technology services in Oman and the wider region. He highlighted Thawani’s distinction as Oman’s pioneering fintech company, offering intelligent, user-friendly, and swift payment solutions across various financial sectors, catering to both businesses and individuals.
Al Amri underscored Thawani’s pivotal role in spearheading digital transformation within the region’s financial services sector. Through their innovative applications facilitating secure and rapid financial transactions, the company has earned widespread acclaim and emerged as the premier electronic platform for completing financial transactions in Oman. Thawani also holds the distinction of being the first payment service provider licensed by the Central Bank of Oman, contributing significantly to shaping regulatory frameworks for the fintech sector and supporting startups and SMES in entering this domain.
Forbes Middle East’s selection criteria for the top 50 fintech companies considered factors such as funding from investors and venture capital firms, transaction volumes via digital channels in 2023, application downloads and active user numbers, service impact on consumers and businesses, operational presence across multiple countries, and growth and expansion achieved over the past year. Thawani’s inclusion underscores its significant contributions and achievements within the rapidly evolving fintech landscape of the Middle East.