Vision 2030 drives innovation and growth in embedded finance

Saudi Arabia Embedded Finance Business and Investment Opportunity Market

DUBLIN, May 17, 2024 (Globe Newswire) — “Saudi Arabia Embedded Finance Business and Investment Opportunities Data Book – 75+ KPIs for Embedded Finance, Insurance, Payments and Wealth Sectors – Updated Q1 2024” Report added. ResearchAndMarkets.com Recruitment.

Saudi Arabia's embedded finance industry is expected to grow by 30.9% on an annual basis to reach USD 5.76 billion in 2024. The embedded finance industry is expected to grow steadily during the forecast period, registering a CAGR of 22.2% from 2024 to 2029. The country's embedded finance revenue is expected to reach US$15.72 billion by 2029, up from US$5.76 billion in 2024.

Saudi Arabia's embedded finance market is rapidly growing due to government initiatives, a tech-savvy population, and growing demand for digital financial solutions. Saudi Arabia has a vibrant digital banking sector, with a significant portion of the population using online banks and neobanks. Embedded finance complements this trend by seamlessly integrating financial services within existing platforms.

The Saudi embedded finance market is a dynamic space with a mix of established players and innovative startups making waves. The report provides an in-depth data-centric analysis of the embedded finance industry, covering market opportunities and risks across various sectors in lending, insurance, payments, and asset-based finance sectors. The report includes 75+ KPIs at country level to provide a comprehensive understanding of Embedded Finance market dynamics, market size, and forecast.

Categorizes market opportunities by type of business model, consumer segment, and distribution model. Additionally, it also provides detailed information across different segments of each sector of embedded finance. KPI Revenue helps you deeply understand the dynamics of the end market.

Key innovations and partnerships in Saudi Arabia’s embedded finance market:

• In March 2024, Funding Souq, an SME financing and investment platform, partnered with Qoyod, a leading Saudi accounting software provider, to provide embedded financing solutions specifically designed for Saudi SMEs. We are pleased to announce that. As part of this strategic partnership, Funding Souq will leverage Qoyod's robust cloud accounting platform to seamlessly integrate financial options directly into its accounting software.

• In January 2024, Finshape, a pioneer in the field of FinTech solutions, announced a strategic partnership with Arab National Bank (ANB), a leading financial institution known for its innovative approach in Saudi Arabia. The impetus behind this collaboration is a shared vision to redefine the banking experience through personalization and technology.

• In September 2023, London-based FinTech-as-a-service platform Manigo and Saudi-based payment solutions provider SurePay partnered to launch embedded financial solutions for businesses and consumers across the Kingdom. announced a partnership. Together, both parties will strive to drive innovation, accelerate digital transformation, and contribute to the growth of the region's fintech sector, in line with Saudi Arabia's journey towards Vision 2030.

• In October 2023, additiv, a global leader in embedded finance, announced that it will help launch Coop Finance+, a comprehensive new app for integrated financial services. Coop Finance+ offers banking products and personal pension solutions at launch and plans to expand further in the coming months.

• In October 2023, SeaPay, a prominent omnichannel payment solutions provider, and Salt Edge, a prominent FinTech company, began a pivotal partnership. The collaboration between SeaPay and Salt Edge is meticulously designed to expand the innovative open banking solutions available to local merchants in Saudi Arabia. This initiative is not just a business venture, but a step in alignment with the Saudi Central Bank's (SAMA) vision of fostering a thriving business environment in the region.

story continues

Reasons to buy

• Deep understanding of embedded financial market dynamics: Understand market opportunities and key trends with forecasts (2019-2028).

• Insights into opportunities by end-use sectors – Gain market dynamics by end-use sectors and assess emerging opportunities across various end-use sectors.

• Develop market-specific strategies: Identify growth segments and target specific opportunities to develop embedded finance strategies. Assess key market-specific trends, drivers, and industry risks.

• Gain sector insights: Based on proprietary research, this report identifies opportunities across the embedded lending, embedded insurance, embedded finance, and embedded assets sectors.

• Gain segment-level insights by distribution and business models for key embedded financial segments

• Insights by asset-based financial market size and asset type and by end user.

Key attributes:

range

Embedded finance by major sectors

• retail

• logistics

• Telecommunications

• manufacturing industry

• consumer health

• others

Embedded finance by business model

• platform

• patron

• Regulatory body

Embedded finance with a decentralized model

• unique platform

• Third party platform

Saudi Arabia’s embedded insurance market size and forecast

Built-in insurance by industry

• Insurance built into consumer products

• Built-in insurance in travel and hospitality

• insurance built into the car

• Insurance integrated into medical care

• Insurance built into real estate

• Built-in insurance in transportation and logistics

• insurance embedded in someone else

Built-in insurance by consumer segment

Built-in insurance by offer type

Built-in insurance by business model

• platform

• patron

• Regulatory body

Built-in insurance by distribution model

• unique platform

• Third party platform

Embedded insurance by sales channel

• embedded sales

• Bank sales

• Broker/IFA

• tied agent

Built-in insurance by insurance type

Embedded insurance in the non-life insurance field

Saudi Arabia embedded loan market size and forecast

Embedded lending by consumer segment

• business loan

• personal loans

Embedded financing by the B2B sector

• Embedded financing in retail and consumer goods

• Embedded financing in IT and software services

• Embedded financing in media, entertainment and leisure

• Embedded financing in manufacturing and distribution

• Loans embedded in real estate

• Other embedded financing

Embedded financing with the B2C sector

• Embedded financing in retail shopping

• Loans integrated into home renovations

• Embedded financing in leisure and entertainment

• Embedded financing in healthcare and wellness

• Other embedded financing

Embedded Loans by Type

• BNPL financing

• POS rental

• personal loan

Embedded financing by business model

• platform

• patron

• Regulatory body

Embedded financing with distribution model

• unique platform

• Third party platform

Saudi Arabia embedded payment market size and forecast

Embedded payments by consumer segment

Built-in payment by end-use department

• Embedded payments in retail and consumer goods

• Payments embedded in digital products and services

• Payments embedded in utility bill payments

• Embedded payments in travel and hospitality

• Embedded payments in leisure and entertainment

• Embedded payments in health and wellness

• Payments built into office supplies and equipment

• Other embedded payments

Built-in payments by business model

• platform

• patron

• Regulatory body

Incorporating a decentralized payment model

• unique platform

• Third party platform

Saudi Arabia Embedded Wealth Management Market Size and Forecast

Saudi Arabia Asset-Based Financial Management Industry Market Size and Forecast

Asset-based finance by asset type

Asset-based finance by end users

For more information on this report, please visit https://www.researchandmarkets.com/r/z1edx9.

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.

attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900