Fintech is booming across the Middle East and North Africa. In 2024 alone, 119 MENA fintech startups raised about $700 million – nearly 30% of all startup funding in the region. Analysts project MENA to be the world’s fastest-growing fintech market, with 1,000+ fintech companies and $1.9 billion invested in 237 deals (2023–24) fueling 35% annual growth through 2028. This explosive growth comes as young, mobile-first populations embrace digital finance, and forward-thinking regulators support innovation. The result? Banks and startups alike are racing to launch new apps for payments, digital banking, lending, and more – all tailored to local needs in MENA’s diverse markets. But who can build these apps? Below we spotlight 10 top fintech software development companies (MENA-focused or global with MENA presence) that are helping bring the region’s fintech visions to life. Each combines financial tech expertise with an understanding of regional nuances to deliver secure, compliant, and user-friendly fintech applications. Let’s dive in!
1. Itexus
Itexus leads off our list as a fintech-specialized development company that delivers custom financial software on a global scale. Founded in 2013, with a team of 100+ experts, Itexus focuses exclusively on fintech software development. The company has a strong track record in banking and finance – serving clients in 23 countries and building everything from mobile banking apps to enterprise-grade, AI-powered investment platforms. Itexus offers end-to-end services including custom fintech app development, product strategy, consulting, and UI/UX design for finance. Notably, the company emphasizes scalable architecture, robust security, and adherence to finance regulations in every project. Whether it’s a digital wallet, trading platform, or AI-driven lending solution, Itexus brings deep domain expertise. Their global footprint and fintech focus make them a top choice for banks and startups in MENA looking for a development partner who truly understands financial services. (Itexus is also frequently recognized by industry rankings for its fintech prowess.)
2. Intellectsoft
Intellectsoft is a veteran software development firm with a strong fintech pedigree and a presence in the MENA region. With offices in the UAE, US, and UK, Intellectsoft has over 20 years of experience serving the financial services sector. This company has built solutions for both traditional banks and cutting-edge fintech startups, bridging legacy systems with modern digital platforms. Intellectsoft’s expertise spans mobile banking apps, blockchain and cryptocurrency development, AI-driven fintech features, and secure DevSecOps practices. They have a proven track record delivering large-scale enterprise projects (core banking, insurance systems, etc.) as well as innovative apps for fintech newcomers. Such breadth is paired with in-depth knowledge of compliance (PCI DSS, GDPR) and local banking regulations. For financial institutions in MENA seeking an experienced development partner, Intellectsoft offers the reliability of a long-established firm combined with the agility to implement the latest fintech innovations.
3. ScienceSoft
ScienceSoft brings a wealth of experience to fintech app development – literally three decades worth. Founded in 1989, ScienceSoft grew from a U.S. IT consultancy into a global software development company (with a regional office in the Gulf) specializing in financial technology. Today it boasts a team of 700+ professionals and a deep fintech portfolio. ScienceSoft’s hallmark is blending traditional software craftsmanship with modern tech like AI. For example, they implement AI-powered analytics and chatbots to enhance customer experiences and automate compliance in banking apps. Their solutions range from core banking and payments systems to regtech (regulatory technology) tools that help institutions meet strict security and data standards. ScienceSoft’s long history means they’ve seen fintech evolve from basic online banking to today’s digital wallets and robo-advisors – and they’ve continually adapted. Clients value ScienceSoft for its mature processes, focus on quality, and ability to tackle complex integrations (like tying new fintech apps into legacy core systems). If you need a development partner with serious depth in fintech, ScienceSoft is a top contender.
4. Appinventiv
Appinventiv is a younger company on the scene, but it has rapidly become a go-to partner for mobile fintech projects in MENA. Headquartered in India with a strong Dubai presence, Appinventiv is known for creating award-winning banking apps that combine intuitive design with powerful features. The company (founded in 2014) has grown to over 1,000 employees and delivered 1000+ projects globally, including several high-profile fintech and digital banking apps. Appinventiv’s sweet spot is mobile-first fintech solutions – think sleek smartphone apps for neobanks, payment wallets, or personal finance management – often enhanced by AI (for personalized insights or chatbot support). They place a big emphasis on user experience, ensuring that even complex financial transactions feel simple and engaging on a small screen. Appinventiv also stays on top of regulatory compliance, building apps that meet banking security standards in markets like the UAE and Saudi Arabia. With its creative energy and focus on usability, Appinventiv inspires confidence in fintech founders who want an app that not only works flawlessly but also wows customers. It’s a top pick for bringing modern, user-centric fintech ideas to life.
5. LeewayHertz
LeewayHertz stands out for its specialization at the intersection of fintech and emerging tech. Based in the US with operations in India and the UAE, LeewayHertz has carved a strong niche in blockchain and decentralized finance (DeFi) development. This company (founded in 2007) was an early adopter of blockchain for financial applications, and it continues to lead in that space – building secure cryptocurrency exchanges, digital asset wallets, and smart-contract driven platforms. At the same time, LeewayHertz hasn’t neglected traditional fintech: they also develop mainstream solutions like mobile banking apps, trading systems, and AI-powered lending platforms. What sets LeewayHertz apart is its technical prowess in new technologies combined with rock-solid software engineering practices. They boast leading Web3 development capabilities, AI-driven trading platform expertise, and a strong focus on security and scalability for any app they deliver. For instance, if you’re launching an Islamic banking app with blockchain-based financing features, LeewayHertz can handle both the Sharia-compliant design and the complex tech under the hood. Their proven track record in fintech, blockchain, and AI makes LeewayHertz a compelling development partner for innovative financial products in MENA’s forward-looking markets.
6. DataArt
DataArt is a global software engineering firm that has been a trusted name in finance IT for over two decades. Founded in 1997, DataArt has grown to 3,000+ professionals worldwide and built a reputation as a “go-to” dev partner for banks, insurers, and asset managers. They excel in large-scale projects that require deep integration and modernization – exactly the kind of challenges many MENA financial institutions face as they digitize. DataArt’s expertise spans digital transformation and legacy system modernization, data analytics, insurance platforms, and cybersecurity for finance. In practice, they help banks adapt to changing customer behavior by re-engineering old systems into slick new fintech apps. For example, a traditional bank in the GCC looking to launch a mobile banking app with open-banking APIs might tap DataArt to ensure the new app seamlessly connects with their core banking system and meets all compliance requirements. Clients appreciate DataArt’s combination of strong technical talent and domain knowledge – their teams understand financial workflows and regulations, not just code. With offices across the US, Europe, and projects in the Middle East, DataArt brings global best practices to MENA fintech initiatives. If the project is complex and mission-critical, this company’s long track record and engineering rigor offer peace of mind.
7. Netguru
Netguru is a Poland-based development company that has made waves globally with its fintech innovations – and it’s increasingly active in MENA as well. With almost 15 years of experience and 700+ employees, Netguru is fully focused on building digital products for the modern financial customer. The company has worked on everything from slick mobile banking interfaces to full-fledged Banking-as-a-Service (BaaS) platforms and wealth management tools. Netguru’s philosophy centers on personalization and user-centric design: they help banks and fintech startups develop apps that meet local customer needs and preferences in each market. For instance, Netguru might develop a fintech app for a Saudi startup that integrates Arabic-language support and local payment gateways, all with a smooth user experience. Their capabilities cover front-end and back-end development, cloud infrastructure, security enhancement, and even improvement of existing digital banking tools. Netguru has earned a name for delivering polished, scalable fintech apps (often in an agile, iterative manner) that win customer adoption. As MENA banks aim to match the digital offerings of Western peers, Netguru provides the product design finesse and technical expertise to make it happen.
8. Hyperlink InfoSystem
Hyperlink InfoSystem is one of the most recognized app development companies in the UAE, and it has a strong portfolio that includes fintech projects. Based in Dubai (with global operations), Hyperlink has over a decade of experience and has delivered 4,500+ mobile apps for clients worldwide. This sheer volume of work – from startup apps to enterprise platforms – speaks to the breadth of their capability. In the fintech domain, Hyperlink InfoSystem has built mobile banking apps, payment wallets, and other finance-related solutions as part of its diverse industry coverage. They specialize in crafting feature-rich, user-friendly apps for iOS, Android, and cross-platform frameworks. Importantly, Hyperlink’s local presence in MENA means they understand regional user expectations and business culture. Clients ranging from banks to fintech startups have tapped Hyperlink for its ability to quickly assemble skilled development teams and iterate on ideas. The company also keeps up with emerging tech – offering blockchain app development and AI integrations (like chatbots or biometric security) in their services. Hyperlink InfoSystem’s strengths lie in its scale and reliability: with a large team and refined processes, they can take on complex fintech app projects and consistently deliver on time. If you want a well-established development partner in the Middle East with a proven track record, Hyperlink InfoSystem is a top pick.
9. Oxagile
Oxagile is a boutique software development company known for agility – a crucial trait in the fast-moving fintech world. Headquartered in Europe with an office in the UAE, Oxagile has about 15+ years of experience building custom software, including advanced fintech platforms. They are acclaimed for fast development cycles and a creative approach to financial technology. Oxagile often works with fintech startups and innovative financial services providers, helping them get MVPs and new features to market quickly through an agile scrum methodology (they frequently run 2-week sprints to deliver iterative improvements). At the same time, Oxagile’s team is comfortable collaborating with established financial institutions, having delivered solutions like video banking apps and real-time payment processing systems. The company’s services span mobile app development, UX/UI design, QA, and integration of complex third-party APIs (for example, integrating a new app with regional payment networks or core banking software). Clients highlight Oxagile’s responsiveness and flexibility – they adapt to changing requirements without losing momentum. In a region where fintech innovation is accelerating, Oxagile’s ability to combine speed with quality makes it a valuable partner. They ensure that even rapid development doesn’t compromise on security or compliance, which is vital for any financial app. For MENA fintech projects where time-to-market is key, Oxagile helps teams move fast while staying on track.
10. Innowise
Rounding out our list is Innowise – a large international development company with substantial fintech experience. Founded in 2007, Innowise has expanded to a 2,000+ strong team spread across Europe (HQ in Poland) and beyond. While not a household name, they have delivered many fintech and banking software projects over nearly two decades. Innowise prides itself on customized solutions: rather than one-size-fits-all products, they tailor each app to the client’s specific market and requirements. This is particularly valuable in MENA, where a fintech app might need unique features (like right-to-left language support or Sharia-compliant finance rules). Innowise’s portfolio includes banking platforms, mobile wallets, trading and investment apps, and RegTech tools. They emphasize end-to-end service – from business analysis and UX design to development, cloud deployment, and maintenance. A key strength is Innowise’s breadth of technical expertise (the company leverages specialists in blockchain, AI, cybersecurity, etc., depending on the project). For example, an Innowise team might combine front-end developers, blockchain engineers, and data scientists to build a cutting-edge lending platform with AI-driven credit scoring. Despite its size, Innowise remains flexible and cost-effective, often a draw for startups and banks in emerging markets. With a robust workforce and a solid track record in fintech software development, Innowise can take on ambitious projects and deliver reliable, scalable fintech applications for clients in the MENA region and worldwide.
Conclusion
Conclusion: Choosing the right fintech app development partner is crucial for success in MENA’s dynamic financial sector. Each company above brings something unique – whether it’s decades of experience, specialized tech skills, or a deep regional presence. All combine fintech domain knowledge with software excellence to build apps that meet high standards of security, compliance, and user experience. As MENA’s fintech ecosystem continues to surge, these development companies are empowering banks, startups, and fintech innovators to launch products that can compete on a global stage. Evaluate your project’s needs – be it speed, scale, innovation, or local market insight – and you’re likely to find a great fit among these top developers. With the right team behind you, that big fintech idea for the Middle East can become an impactful reality. Here’s to the apps that will define the future of finance in MENA! (No fluff intended, just genuine excitement for what’s to come.)