This article showcases our top picks for the best Lebanon based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Lebanon Fintech (Financial Technology) Companies
Jellyfish, the first product out of the Labs, is a user-friendly web-based tool that allows teams of non-finance people to set up and track their budgets extremely fast for real-time data-driven decision making. Team leaders invite their team-members so that budget management overhead is eliminated through team-sourcing.
They can further integrate Jellyfish with their financial and accounting processes to alleviate the hassle of back and forth communication with their organization’s finance team, and share the budget updates with their managers, board, investors, or funding partners in real time for full transparency.. .
Risk+ Solutions is a Fintech company specialized in developing and implementing financial intelligence and risk management IT solutions for banks and financial institutions. Risk+ Solutions was founded by Jad G.
Doumith and Chadi G. El Nawar in January 2017.
Subsequently, the Phoenician Funds I, a fund regulated by the Central Bank of Lebanon (under circular 331), acquired a strategic position in the company. The company offers fully integrated IT solutions covering performance management, balance sheet and capital optimization as well as comprehensive stress testing tools.
Their aim is to help their clients comply with regulations and best practices to make informed decisions while managing their balance sheets and risk exposures.. .
FOO is an award winning B2B fintech company focused on empowering businesses with in-house built innovative products, and rolling-out personalized digital products & customer experiences quickly and efficiently answering end-users needs and regulatory demands on the fly.
Our mission is to build cashless societies and enable digital transformation across financial institutions, governments and Telcos.
We are a team of talented developers and business leaders, who are seeking to create the most innovative Fintech Platforms and deploy them across the globe, while keeping an eye on research and development in the domain of disruptive Technologies.
We help Financial Institutions adopt the most innovative Digital Banking Solutions (i.e., Digital Bank, Omni-Channel Banking, Digital Onboarding…) and Payment Platforms (Digital Wallets, HCE Card Tokenization, Cross Border Remittance…), and other Fintech Solutions that empower governments with Digital Services and Nationwide Payment Systems and transform Telco’s to become a customer-centric leader as they pursue a digital agenda that
achieves their highest ambitions.
We have passion to develop Innovative Digital Solutions that give an enriched and informed user experience. We add value by developing end-to-end solutions that exceed user expectations that are one step ahead of what exists
in the market. We provide interactive experiences to meet the needs of our target audiences.
FOO leads solution providers in the region with its proximity to customers in the Gulf region and its multi-lingual developers. FOO is PCI compliant, a MasterCard Digital Vendor and a Visa Token Service Provider.
FOO’s vision is to expand globally and create a positive impact on future technologies.
Bluering is a fintech company that delivers commercial and retail credit management solutions to the wider Middle Eastern banking and financial sector. By continuously striving to fulfill its clearly outlined goals while incorporating an uncompromising value system, Bluering remains steadfast in working under a transparent corporate culture in line with international regulations, customer expectations and internal business operations.
Abiding to such stringent guidelines allows the company to professionally carry out all its undertakings and provides superior products and services to its esteemed clientele.. .
valoores, as a privately held company, has embraced the metamorphosing Banking & Finance business models, to sustain growth, and tackle challenges segregated around governance, risk, compliance, profitability, payments, competition, branding, loyalty, Omni-channel experience, trust and engagement and commoditization. valoores has introduced an ROI-aware, decision-based mindset around its line of solutions to address lost opportunities and cope with the industry trends, models, and growth.
valoores’ solutions are conceived to co-exist with the Banks’ already existing ecosystem, shielded from the core banking and the already existing Front / Back Office systems, to effectively address multi-directional financials, and secure strategies & objectives. valoores’ products road map is one of the most flexible in the industry.
They constantly absorb new market demands and shrink their time to market. Their added value is the simplicity and elegance of their approach.
valoores recognizes that every bank is different, and there is no “One Solution that fits all” mind-set, so they provide a large number of configurable options at every level of their solutions in order to meet set expectations and when needed, adapt, tailor, or change any part of their solution to your needs – all while adhering to their strict design standards and customization rules. The valoores Data Governance cushion accommodates future diversification through Lines of Business, without having to revisit the architecture blueprint: secure information integrity, streamline consistent consolidation, and drive tracking (centralize customer file against black listing & KYC …).
valoores’ solution set leverages Financial Analytics’ (FinAL) Automation on heavy manual compilation of Balance Sheet, Income Statements, Cash Flow, Ratios, and Financial KPIs / KRIs, alongside a GRC rule-based engine: Financial backbone needs to be automated, with data cleansing in the background, to stretch the analysis bandwidth while gauging and vetting out profitability (switching gears from 80% preparation and 20 % analysis, /to/, 20% preparation and 80% on profitability analysis and strategy). valoores tackles the Investment Portfolio automation to rule out manual efforts in consolidation, checks and balances, and industrialize analysis / interpretation..
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