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Lebanon, Financial Services
With a 65% mobile penetration rate and 86% of adults categorized as unbanked, the Middle East market is ripe for FinTech innovation. FOO is a B2B FinTech provider, enabling banks and startups to process their end customers’ peer-to-peer payments, overseas remittance payments, bill payments, and loan applications. It also provides an online digital banking platform for any financial institution seeking digitization.