BLK Partners’ Post

This is the first installment of our 7-part deep dive into the Saudi fintech ecosystem...looking forward to your feedback. :-) Jeff #fintech #ksa #tech #ecoystem #vc

🌟 What a Great Panel! 🌟 We had an insightful discussion on the impact of fintech in Saudi Arabia over the next 10 years. Exciting opportunities and innovations are ahead, and we’re proud to be part of the conversation shaping the future of finance in the Kingdom. Thanks to everyone who joined! 💬 #Fintech #SaudiArabia #FutureOfFinance #COGNNA #Seamless2024 #Innovation

On Saudi National Day, we honor the nation's achievements in fintech and beyond. Stay inspired by the growth of digital finance in Saudi Arabia! #SaudiNationalDay #fintech #finance

Saudi Arabia's fintech sector is on fire! The progress in driving financial inclusion rivals even the most developed markets as we see in this graph, which compares Fintech adoptions rates: https://lnkd.in/gZqH5JQc #corporate_cards #nqoodlet #fintechstartups

Saudi Arabia, a nation known for its rich oil reserves, is also emerging as a hub for innovation and technology in the financial sector. With the rise of fintech, the Kingdom is witnessing a transformation in the way financial services are delivered and consumed. https://lnkd.in/gQQ2UcMH WAKI #fintechinnovation #fintech #financialsector #vision2030 #economy

Financial tech solutions are on the rise worldwide, and with the rapid adoption of digitization, Saudi Arabia has been encouraging these initiatives. Follow us to stay updated. #FinTech #Nesttech #Financial #SaudiArabia

I won't lie, sending people to conferences was a difficult one for me at first. Not like I wanted to go instead or anything (I'd rather do business over Google Meet any day) but just because everything I know is about ROI. I love building systems, and all my knowledge is around doing that for B2B SaaS Startups. I've built my business and life around the fact I can look at a business, and instantly know what they need to build a system where they can put a dollar in and take 7 out (sometimes 1:30 when the algorithm is hitting just right) I love quantifiable things. Ads, e-mail, demo bookings, signup tracking, attribution, etc. I'll happily spend weeks of my life altering small details to turn a 30% bounce rate into a 26%. But conferences and events? It kinda defies all of that. Sure, you can try and run it like a funnel (I did at first). I setup a whole system to sync a rep's iCloud contacts into our CRM, and a business card scanner app to do the same, assign it to the rep, then run it all through Floqer to fill in all the details on phone number, linkedin profile, work emails, company, Job title, pile it back in the CRM, and then place it into fully synced Linkedin, Email & Whatsapp outreach campaigns with personalisation details based on the rep, event, time of day, their business and role, etc. And sure my brain loves watching all the clean data go in, and it gets meetings, and those meetings get deals. But truthfully? ROI doesn't match what we know we can get from Paid Social or Search or Linkedin Outreach or Cold email. Not even close. So why do I still do it? Because in a business like ours, with a niche like we have, there is such thing as unquantifiable value. Yea we know we can just get more clients anytime with a well placed ad campaign from the internal team, but it's worth more than the deal value. The things we gain from watching business get done a different way? From getting reps to spend time with knowledgeable people outside our completely digital bubble? From seeing what centralised banks and international institutions are interested in (which is often different than the things we talk about in digital circles)? That value is immeasurable. And I think that lesson carries over for me to many parts of our business. I'm a marketing tech and numbers guy. I'm always going to be that way. But reminding myself that some things are good, even if they can't be attributed? I think that makes me a more well rounded person in general. 24 Fintech was worth it because of what we learned from the people, not the numbers. All the events we go to are. It provides knowledge and skills and foresight that you can't buy in other ways, that I hope to use on all projects we do (and we're working on some really, really cool ones. There's a De-Fi project we're part of that I'm itching for approval to start screaming about in the coming months). Always think about intangible benefits, you learn so much.

Integrating fintech into Saudi Arabia's economy via Vision 2030 is a transformative opportunity to modernize finance, drive growth, and foster sustainable development. #Fintech #Vision2030 #SaudiArabia

Saudi Arabia’s fintech sector has made significant strides as it nears its goal to become a regional financial hub. To date, more than SR4 billion ($1 billion) has been invested in local fintech companies, with over 100,000 individuals participating in related events and training programmes. The Vision 2030 goals include the establishment of at least 525 fintech companies by 2030, up from 200 in 2023, the creation of 18,000 fintech job opportunities, up from approximately 5,400 in 2023, contribute SR13.3 billion to the gross domestic product, a substantial increase from around SR3.75 billion in 2023, and achieve SR12.2 billion in direct venture capital contributions, compared to SR5.2 billion in 2023. Read the full article in the link below: https://lnkd.in/dMijk2Zm #gulfnews #ProPartnergroup #uaebusiness #ksa #business #ksabusiness #saudibsiness #saudiarabia #finance #vision2030 #saudivision2030 #fintech

The transformative impact of the Financial Sector Development Program in 2023 underscores Saudi Arabia's steadfast dedication to #SaudiVision2030, propelling the Kingdom's economy to new heights in fintech, capital markets, and insurance.