VIDEO Tech ‘Common sense has returned’ to fintech investment market By Shruthi Nair September 12, 2024, 3:54 AM There was a 31 percent increase in unique investors in the fintech market in Mena during the first half of 2024. But there was a distinct lack of “mega-deals”. Gautam Jain SC Ventures told AGBI that he believes this is a good thing for the future of the market. “People were throwing money at these fintechs at valuations which were actually quite mind-boggling,” he said. NewsletterGet the Best of AGBI delivered straight to your inbox every week “The industry has self-corrected, and now the focus is more on realistic valuations, which are backed by profitability.” The focus is now on creating sustainable businesses, Jain said. “Common sense has returned to the market.” Watch the video to find out more about a “narrative shift” in the market in the region More videos from AGBI Tech to help UAE’s baqalas hold off larger grocery rivals GCC investors in UK warned of new tax liabilities Dubai Humanitarian and the Mena aid challenge
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