Reasons for the Rise in Fintech Startups in Dubai, UAE

The second-largest emirate of the UAE, Dubai is widely known for its incredible infrastructure, ideal strategic trade location, and tourism. The United Arab Emirates has observed a significant rise in a wide variety of business options, with fintech business setups being in high demand. Because of the growing number of fintech business setups in Dubai, this city is currently among the top 10 fintech hubs worldwide. In this article, we’ll explore the reasons why Fintech companies are opting for a business setup in Dubai . But before looking into how Dubai has emerged as a prominent fintech hub, let's start with what a fintech business setup is. What are Fintech Startups? Fintech, which is short for Financial Technologies, is an innovative technology that provides financial services to consumers across the world. Fintech startups include companies that primarily rely on cloud and tech services instead of physical locations for providing financial services and products to t...