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 develops and provides mobile applications (apps) for clients and brands in Lebanon and internationally. It offers on-demand, corporate messaging, mobile loyalty, omni-channel banking, contactless and mobile payments, self-care, E-commerce, chat platform (customer care), and loan origination platforms.
FOO also provides UI/UX design, mobile and Web app development, mobile consulting, and system integration services. It offers a range of apps for tablets, PCs, cars, connected TVs, and more.
Elie Nasr and Ghady Rayess founded FOO in 2009. It has its headquarters in Beirut in Lebanon..
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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