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Visa, the global leader in digital payments, proudly announces the victors of the highly anticipated 2023 Visa Everywhere Initiative (VEI) for Saudi Arabia. The competition for startups and FinTech companies has garnered immense attention and excitement worldwide. In its second year running, the Saudi Arabia edition extended its reach to include FinTechs from Oman and Bahrain.

Outshining fierce competition, Bahrain’s own Daleel emerged triumphant in the 2023 Visa Everywhere Initiative finals held in Saudi Arabia. Daleel is an interactive platform that revolutionizes how individuals search, compare, and discover the perfect financial products tailored to their needs. Its innovative approach and commitment to empowering consumers captured the attention of the judges.

This year’s edition of VEI placed a strong emphasis on digital service enablers, digital issuance, value-added solutions for merchants and consumers in the finance sector, as well as the recovery of small- and medium-sized businesses. To further enrich the competition, three new categories were introduced: sustainable FinTech, risk, and urban mobility. The inclusion of these categories underscores the evolving landscape of the fintech industry and Visa’s dedication to fostering groundbreaking ideas in key areas of development.

Visa’s commitment to nurturing fintech innovation remains unwavering. The initiative serves as a springboard for startups and fintech companies, propelling them to the forefront of the industry while offering invaluable exposure and growth opportunities. The success of Bahrain’s Daleel in this year’s edition reaffirms the immense talent and potential within the region’s FinTech ecosystem.

The triumph of Daleel in Saudi Arabia paves the way for an exciting future, showcasing the power of innovation and collaboration in revolutionizing the financial landscape.