Mozn, a Saudi company specializing in developing AI solutions for enterprises, has been listed for the second consecutive year in Statista and CNBC’s list of the top 250 fintech companies worldwide. This recognition reflects the company’s ongoing excellence in delivering innovative and effective solutions in the financial sector.
Comprehensive Evaluation of the Best Fintech Companies
This year, Statista and CNBC’s evaluation focuses on the innovative solutions, services, and products offered by companies in fintech, including payments, digital banking, alternative finance, financial planning, and wallet technology. The comprehensive evaluation reviewed over 2000 companies between March and May 2024, assessing each based on a multi-layered research approach to key performance indicators, considering both overall indicators and sector-specific metrics.
Innovation in Risk and Compliance
Mozn’s inclusion in this list underscores the role of its innovative platform “Focal” in enhancing risk and compliance in the financial sector. Focal redefines how companies handle the complexities of regulatory environments, simplifying compliance processes within a secure and flexible framework.
Statements from the Founder and CEO
In this regard, Dr. Mohammed Al-Hussein, Founder and CEO of Mozn, said: “We are very pleased to be ranked in the Statista and CNBC list of the best fintech companies for 2024, and we are proud to export Saudi local technology to global markets. This achievement motivates us to intensify our efforts in harnessing AI to serve the financial sector. We thank our clients and partners for their support and trust, and we appreciate the ecosystem and infrastructure that enabled this achievement. We will continue our steadfast commitment to development and innovation in line with Vision 2030.”
Remarkable Growth and Strategic Expansion
Focal has shown remarkable growth and expansion in various areas, including a significant increase in the partner base and the number of financial transactions reviewed and processed. Additionally, the company has witnessed a notable rise in acquiring new clients, with a growth rate of 350% since 2022, leading to a fourfold increase in the number of clients using more than one product during the same period.
The Future of Fintech in the Region
These achievements, along with the inclusion in the CNBC and Statista list, highlight Mozn’s pivotal role in shaping the future of fintech and reflect its ambition to become the leading AI force in the region.