Digital First Companies Driving IPO Momentum in MENA
2024 was a pivotal year for MENA IPOs, marked by both continuity and change. Digital-first companies took center stage, with a notable increase in both the proceeds and the number of IPOs compared to 2023. In this newsletter, we explore some key trends shaping the MENA IPO market in 2024. Read on to learn more: […]
Southeast Asia IPO: A Turnaround Ahead in 2025
Hello Readers, presenting to you the Redseer Southeast Asia IPO index 2025! After a subdued 2024 (Road to IPO), public market listings in Southeast Asia’s consumer internet and digital sectors are expected to rebound in 2025. Improving macroeconomic conditions, such as lower interest rates and political stability, are providing positive momentum. […]
Redseer Celebrates Talabat’s Historic Tech IPO
We are delighted to congratulate Talabat on its successful debut on the Dubai Financial Market (DFM), raising an impressive $2.04 billion. As the leading on-demand delivery platform in MENA, Talabat serves over 6 million monthly active customers across eight countries, addressing a population of over 71 million. Its online marketplace provides a convenient, personalized way […]
Accelerating Co-Branded Credit Card’s Success with CCaaS Platforms
In a competitive market where consumer loyalty can shift to the next offer, co-branded credit cards (CBCCs) have emerged as a powerful tool for deeper customer engagement. Businesses that were traditional earlier are increasingly turning to innovative solutions to simplify the complex process of launching and managing such programs. With the rise of personalized consumer […]
MENA Grocery IPOs – A $100 Bn Unlock for the Ecosystem
Traditionally, the grocery sector has been perceived as relatively stable and predictable, characterized by steady growth, incremental changes, and a limited pace of innovation. The industry’s focus has often remained on consistent product offerings, standard pricing structures, and familiar customer experiences. However, this landscape is evolving rapidly. Firstly, the way consumers are shopping with convenience […]
$100 Bn in IPOs on the Horizon
The MENA grocery sector, now exceeding $100 billion in value, and accounts for 25% of regional consumer spending. Between 2019 and 2023, grocery sales grew by 16%, with forecasts for 2024 projecting a CAGR of 5%. This growth reflects both the market’s resilience and the evolving needs of its consumers. What was once a space […]
Digital Rhino’s to drive >30% of IPOs in the region
In recent discussions about the MENA region’s digital economy, two common notions emerge: the perceived scarcity of unicorns and the limited availability of growth capital. The idea that MENA lacks unicorns—companies valued over $1 billion—has been frequently highlighted and is partly true. This article aims to challenge these misconceptions. Here’s what to expect: 1. There […]
MENA IPOs: Oasis in the Desert
2024 has been a transformative year for global markets, and we’ve seen a number of critical shifts since our last update. From rising interest rates to fluctuating oil prices, the investment landscape has been anything but stable. In this article, we’ll explore how these economic headwinds are reshaping capital markets, with a special focus on […]
Co-Branded Credit Cards: Your Secret Weapon for Deeper Consumer Engagement
In today’s fiercely competitive marketplace, where every brand vies for a deeper connection with its audience, the strategic tools you choose can make or break your strategy. Whether it’s through personalized online experiences or high-impact offline interactions, the race to win consumer loyalty has never been more intense. However, one resource that brands can leverage […]
The Rise of Co-branded Credit Cards: Redefining Customer Loyalty
In collaboration with Hyperface, we present a comprehensive report on the co-branded credit card (CBCC) industry in India. This report is designed for brands considering a strategic move into this rapidly growing space. Key Highlights: Access the full report and enhance your understanding of the CBCC landscape by clicking below.
MENA Rhinos on the Charge: Powering $50 Bn in Market Cap
The MENA region is quietly nurturing a unique breed of companies, “the Rhinos,” which are set to create over $50 billion in market capitalization over the next five years. These Rhinos, characterized by $100 million+ valuations, a path to profitability, and steady 15%+ growth, are challenging two prevalent myths about the region: a scarcity of […]
MENA’s IPO Landscape: Technology to Drive Metamorphosis
Over the past five years, the MENA region has navigated global financial challenges with resilience. Mega-deals, strategic privatizations, and the growth of B2C consumer companies have laid a strong foundation for IPOs. Looking ahead, this report explores key shifts shaping the MENA IPO landscape, introducing an IPO readiness index that highlights the Technology sector’s potential. […]
The New Age of Borrowing: A Generational Shift Towards Digital Lending
Imagine a world where getting a loan is as easy as ordering a pizza. No long queues, no mountains of paperwork—just a few taps on your smartphone, and you’re set. Welcome to the new age of borrowing, which is on the brink of a major transformation, driven by the borrowing behaviors of Gen Z (aged […]
Bridging the Financial Gap: Exploring Untapped Personal Finance Needs for Middle and Lower-Income Groups
Managing personal finance isn’t just about crunching numbers and paying bills on time; it’s the secret sauce for family success and happiness. From cosy homes to dreams like buying your own boat or giving your kids the best education, smart money moves set the stage for a bright future. Yet despite meticulous budgeting, unexpected expenses […]
BNPL Boom in UAE & KSA
In today’s fast-paced world, flexibility and convenience in payment options have become increasingly important. In the years following the pandemic, consumers have become more price-sensitive than ever, whilst their aspirations to purchase goods and services are constantly growing. Enter Buy Now, Pay Later (BNPL) Services – transforming the way consumers shop and manage their finances. […]
Private Labels: Driving Power Shift from Brands to Retailers
In UAE’s grocery sector, while legacy brands in UAE’s grocery sector continue to enjoy healthy profit margins, retailers are facing a set of challenges. Amidst intensifying competition and shifting consumer preferences, the challenges for retailers are rising. Yet, within these challenges lie growth opportunities. A notable trend emerging is the strategic focus on private labels […]
Shifting Sands: 3 Anticipated Shifts in MENA’s booming IPO market
There was a time when Initial Public Offerings (IPOs) in the Middle East and North Africa (MENA) region were a rarity. From only a handful of IPOs taking place annually a few years ago, we currently see around 50 IPOs in the region on an annual basis looking at the data from the previous 2 […]
The pathway to supercharging MSME growth
The Indian MSME growth story is being catalyzed by two ongoing watershed movements– the first being the transition of the nation into a paperless economy and the second being the increased formalization of the informal economy. At the juncture of these two movements, the sector has played a critical role in the expansion of the […]
Resilience or Dry Spell in MENA’s Startup Funding Ecosystem?
As we step into 2024, we’re excited to share insights into the trends that defined the past year and the signals shaping the landscape ahead. In our latest article, we delve into the resilience of the MENA startup ecosystem amidst global funding challenges. 1.Globally, startup funding has been difficult, however MENA has been impacted lesser… […]
Digitized India: Catalysing the Payments landscape
Recent trends in the online payments’ ecosystem have brought much change to how consumers carry out their day-to-day transactions. From UPI and digital wallets to BNPL, online payments have come a long way to make life easier for both consumers and businesses. In response to increasing users, fintech companies are also gearing up to meet […]
Indian Tech’s Trillion-Dollar Trajectory: IPOs Lead the Charge
As the Indian technology ecosystem braces for an unprecedented era of growth, a recent report by Redseer titled “India’s Evolving Tech Fundraising Market,” a collaboration between HSBC and Redseer sheds light on the significant transformations underway. The headline-grabbing projection is that the total market cap of listed new-age stocks in India is poised to skyrocket […]
Digital Public Infrastructure – the backbone and catalyst of India’s economic growth
India’s tryst with Digital Public Infrastructure began with the roll out of the Aadhar process – a commendable effort designed to provide a unique identity card for the 1.2 billion strong Indian population. Since the undertaking of the mammoth task, the digital identity spectrum has evolved to the JAM trinity or Jan Dhan, Aadhar and […]
Southeast Asia – Road to IPO
Southeast Asia’s IPO market remains strong amid global uncertainties, with 85 IPOs in the last six months, raising $3.3 billion. The trend of Southeast Asian companies heading for US IPOs, especially on NASDAQ, signals sustained global interest in the region’s market. However, in contrast to the broader market resilience, IPOs in the new-economy sectors have […]
Trends Reshaping India’s Payment Landscape
Recent trends in the online payments ecosystem have brought much change to how consumers carry out their day-to-day transactions. From UPI and digital wallets to BNPL, online payments have come a long way to make life easier for both consumers and businesses. In response to increasing users, fintech companies are also gearing up to meet […]
Saudi Arabia Real Estate: A Growth Story Grounded in Stability
1. KSA real estate sector set to grow at a 10% CAGR over next 5 years – almost at par with UAE The growth narrative in KSA is unfolding, and the real estate sector is directly benefiting from it. KSA’s real estate sector is set to grow at a steady 10% CAGR annually for the […]
Insurtech: Uncovering the opportunity in Southeast Asia
The insurtech sector in Southeast Asia is undergoing a transformative phase, driven by emerging models and categories. Recent regulatory changes have paved the way for innovative business models that enhance customer and agent interactions while reducing servicing costs. In this week’s newsletter, we will explore how insurtech companies are shifting their focus from revenue generation […]
Decoding MENA BNPL Market
1. Credit card adoption has been limited in MENA due to Shariah non-compliance, despite high banking penetration. Despite having a well-established banking sector, KSA faces hurdles when it comes to credit card adoption, with adoption ~20%. This is significantly lower than that of its global counterparts. The primary reason for this low adoption rate is […]
Unlocking Growth: India’s Digital SME Credit Gap and Economic Potential
The “India Digital SME Credit Report 2023,” a collaborative effort between GetVantage and Redseer Strategy Consultants, sheds light on a substantial credit deficit amounting to approximately $220 billion, casting a shadow on the progress of digitized businesses within the country. Despite an injection of $53 billion in the fiscal year 2022 and an estimated $165 […]
Uncovering the Digital Economy in Malaysia
Indonesia, Singapore, and Vietnam tend to dominate digital economy discussions in Southeast Asia. As a neighbor of such countries, Malaysia’s potential is often overlooked. In today’s newsletter, we highlight some emerging sectors in the country. Malaysia’s digital economy sectors are expected to experience meaningful growth, led by factors such as a high urbanization rate, increasing […]
The future of online payments: BNPL, UPI, Embedded Finance & more
Recent trends in the online payments ecosystem have brought much change to how consumers carry out their day-to-day transactions. From UPI and digital wallets to BNPL, online payments have come a long way to make life easier for both, consumers and businesses. In response to increasing users, fintech companies are also gearing up to meet […]
The Future of India’s Digital Payment
According to a report released by Redseer Strategy Consultants in collaboration with Plural by Pine Labs, it is projected that 85% of businesses in India will be digitally enabled by FY26. This means that a large majority of businesses in India will have embraced digital technologies and processes for their operations. This digital transformation is […]
Open finance – doorway to digitalization
The Indonesian government has put forward a plan to digitalize and democratize the finance systems in the country by 2025. Open finance platforms directly address several of the key challenges and pain points of MSMEs and are positioned to benefit the most. In this article, we look at a sub-segment of fintech – open finance […]
Middle East – A silver lining amid global slowdowns
The MENA region has been a beacon of hope amidst the challenging global investment climate. Despite the economic downturn, MENA has seen a surge of positive investor interest, growing north of 20% in terms of funding. This growth is fueled by the emergence of sectors like FinTech and SaaS, as well as the innovative startups […]
Tapping into the $430Bn TAM of Southeast Asia: Opportunities for Indian Startups
Indian startups looking to expand overseas should consider Southeast Asia, an attractive geography with tremendous growth potential. According to the Redseer SEA report, the region’s economy has been on a stellar growth trajectory, reaching an impressive USD3.2tn in 2021. What’s more, the population of over 650 million and 70 million SMEs in Southeast Asia are […]
Slowing Consumer Demand: A Double Whammy to Startups in a Funding Winter
The market disruption by the COVID-19 pandemic created phases of growth and slowdowns for startups. As a result, most businesses experienced a net growth that spanned two pandemic waves. However, in CY-2022, global inflationary pressures severely impacted consumer demand. The revenue increase was driven by higher prices, as volumes remained low across the urban and […]
Tech to Drive MENA IPO Boom
The Middle East and North Africa (MENA) region has seen a surge in IPO activity in recent years, with several high-profile companies going public and raising significant capital. To sustain this momentum, the region will need to continue embracing new technologies and innovative solutions to drive further growth. Here we deep dive into the thriving […]
Navigating the Challenging $10-100 Mn Revenue Journey
During the first week of January 2023, the media outlets were abuzz with our finding about startup scaling almost 4x faster currently compared to a couple of decades ago. That is, while startups incorporated in the year 2000 took 18 years to reach US$ 100 million revenue, the ones founded in 2017 took 4-5 years. […]
InsurTech: Uncovering the Opportunity in Indonesia – Part 2
Indonesia’s InsurTech sector will grow at ~40% CAGR during 2021-26E due to low base (insurance penetration), already high (and rising) digital penetration, and the emergence of newer models. The capital raises by multiple players in the region suggests the continued support from investors. More could follow as players gain scale and display clearer path to […]
CBT Taxation – Supporting a sustainable local retail ecosystem
Recently, the customs duty ceiling for international cross-border trade was reduced. The policy change is expected to support creating a sustainable local retail ecosystem and further accelerate the trend of partnerships between local and international retail players in the UAE. Here’s an insight into the impact of the policy update on local retail players and […]
BNPL Wave is Now a $1.5 Bn Reality
The Buy Now Pay Later (BNPL) market is expected to grow in the Middle East region as this payment mode has a fast approval method. This is the most convenient payment method, spread over a period of time with smaller amounts of EMI. As the COVID-19 pandemic disrupted the economic conditions in the Middle East […]
MENA Insurtech: Ripe for the Taking
Insurtech has all the makings of the long-awaited fulcrum that pioneers MENA’s insurance market level with that of developed economies, starting with the GCC. In this article, we deep-dive into MENA’s booming Fintech landscape and highlight a rapidly evolving segment within it – Insurtech. 1. Insurance penetration in GCC economies is still nascent– leaving significant […]
Save Now Pay Later – An Emerging Fintech Play
The ecommerce logistics sector grew on the back of technology and innovation, to enable e-retail boom in India.
India’s economic growth story is still Intact
The ecommerce logistics sector grew on the back of technology and innovation, to enable e-retail boom in India.
Why Digital B2B Payments Will Go Mainstream?
The ecommerce logistics sector grew on the back of technology and innovation, to enable e-retail boom in India.
Driven by Digitalization: Philippines Fintech
Philippines has a vast “underserved” banking population of ~57 million demonstrating the untapped potential in the country. Philippines lacks national ID system and hence the prevalence of financial frauds is also quite high. The new age fintech players with their latest technology and credit tools can tackle this issue well and thereby gain customer confidence […]
Ground Zero 7.0 | Banking Partner HSBC
The ecommerce logistics sector grew on the back of technology and innovation, to enable e-retail boom in India.
Vietnam’s FinTech Landscape
Vietnam is at the forefront of a fintech revolution. The structural opportunity in digital banking and insurtech sectors in particular is likely to unfold over the next few years. Accordingly, we expect investors’ interests to sustain in the foreseeable future. 1. Macroeconomic indicators present a conducive landscape for the fintech ecosystem to develop and grow […]
InsurTech: Uncovering the opportunity in Indonesia
As per our report, InsurTech in Indonesia is estimated to grow fourfold during 2021-26 and reach a multi-billion-dollar gross premium size. This will be driven by rising awareness of the need for insurance, rising digital penetration, wider product offerings and other factors. The note also provides some colour on consumers’ preferences for InsurTech offerings. Here’s a […]
Are The New Tech-Infused Insurance Models the Catalysts for Change?
Insurance penetration in India is poised to grow rapidly in just a few years.
Neobanking in India The Matrix Upgraded
India retail banking is poised for disruption as neobanks look to revolutionise personal banking experience.
Singapore WealthTech – Poised To Pay Off
Significant increase in investment AUM expected, led by growth in retail and institutional customers
Everyone Loves The Bank Of The Future!
Working professionals to drive this growth: Neobanks have opportunity to address ~120 Mn professional income accounts
BNPL ready to transform India’s payment landscape
Consumers are rapidly taking to BNPL primarily due to ease of use, discounts and their evolving credit needs
Neo Banks – Disrupting India’s Banking Landscape
Salary accounts of white-collar employees, with a Lifetime value of ~3X, seem an addressable market and the best way forward for neobanks
SEA Fintech Report
Robust economic growth and digitally engaged consumer creates massive opportunity to drive innovation in Fintech adoption
Of digital book-keeping apps, foodtech subscriptions and festive sales
1. Digital book-keeping apps have managed to gain strong adoption and regular usage amongst SMEs Published on: Oct 2019 New age book keeping apps are seeing daily usage amongst large chunk of their user base- indicating increasing comfort A significant chunk of app users are having more than 50% of all their transactions recorded on […]
Indonesia Fintech: Looking back into The Future
1. Fast-growing Indonesian eWallets and digital payments space seeing massive supply-side activity Published on: Aug 2019 Summary takeaways Continued rapid growth (70-80% CAGR) in Indonesia e-wallets space is attracting the attention of major global players even as local players expand into new segments Given the expected intense competition, the market may be heading for consolidation […]
The Upcoming Fintech Boom In India (And Indonesia)
1. InsurTech marketplaces are growing 100% y-o-y driven by strong growth of both incumbents and new entrants Published on: Aug 2019 Key growth driver of sector incumbents is wide coverage viz strong presence in most insurance categories, across insurance providers An additional growth lever is a strong focus on customer service enabled by a large […]
Fintech Insights | Middle-East
1. Fintech: Funding in MENA fintech is led by lending and payment focused start-ups Published on: Oct 2018 Fintech based start-ups in the MENA region are seeing a lot of traction recently with a funding of ~USD115mn till date, of which ~75mn is received within last two years. UAE is the most popular geography among […]