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Saturday, January 18, 2025 4:56 GMT
Iraq Venture Partners (IVP) has identified four main areas as untapped investment opportunities in the Iraqi market: 1- Fintech: Limited access to formal banking creates demand for mobile payment solutions and digital financial products. There is room for growth in areas like peer-to-peer lending, microfinance, and digital banking solutions that enhance financial inclusion, particularly among young adults and rural communities. 2- E-commerce: Rising smartphone usage and internet access are fueling demand for online marketplaces and delivery services platforms like Miswag and Orderii. 3- Agritech: As agriculture remains a cornerstone of the economy, there is immense potential for technology-driven transformation in this sector. Startups are beginning to introduce technology to improve crop management, increase yield, and optimize resource use. 4- Edutech: Iraq's demand for education technology is growing and Edutech can make quality education accessible, especially in regions where physical infrastructure is limited.The report, prepared by Hady El Samra, also gives an overview of the start-up ecosystem in Iraq, and concludes with a list of areas for improvement.