Muscat: Thawani Technologies has reached a notable achievement in Oman's rapidly growing fintech industry by securing a position on "Forbes Middle East's Top 50 Fintech Companies" for the second year in a row. The company has made impressive strides, moving up four places to rank 36th in 2025, compared to 40th in 2024. This accolade underscores Thawani's increasing impact and success in the competitive fintech arena of the region.
The esteemed Forbes Middle East list assesses top fintech firms throughout the area using a detailed set of criteria. These criteria encompass funding amounts, digital transaction volumes, app downloads, user engagement, the service's influence on consumers and businesses, geographic growth, and overall growth rates. Thawani Technologies' enhanced ranking is indicative of its robust performance across these essential metrics.
Eng. Majid Al Amri, CEO of Thawani Technologies, expressed his pride in this accomplishment, noting that the company's ongoing presence on the Forbes list highlights its dedication to providing innovative financial solutions that address market needs and facilitate digital transformation in Oman. He emphasized that this achievement not only signifies Thawani's success but also showcases the strength and competitiveness of the broader Omani fintech sector on a regional level. Al Amri reiterated the company's commitment to developing cutting-edge digital financial solutions that meet customer demands and foster financial inclusion in Oman. This international recognition serves as a strong incentive for Thawani to persist in its innovation and service expansion, aligning with the objectives of Oman Vision 2040, which seeks to nurture a diverse and advanced digital economy.
This accolade strengthens Oman's status as a frontrunner in the fintech industry, as the nation actively fosters innovation and enhances its digital infrastructure to bolster the national economy. A variety of initiatives have been introduced in this domain, such as the creation of a regulatory sandbox for pioneering financial products and services, along with the formulation of an open banking strategy and framework. These initiatives aim to stimulate innovation, boost competition in financial services, and promote economic growth, all while advancing financial inclusion and operational efficiency. This recognition is anticipated to draw additional investment into Oman's fintech landscape, reinforcing the Sultanate's role as a regional center for financial technology. Thawani Technologies continues to prioritize innovation and the use of advanced technologies to address customer needs, improve financial inclusion, and support the expansion of Oman's digital economy. This recognition serves as further motivation for the company to broaden its service offerings in the future.
