The number of fintech firms in the MENA region skyrocketed from just 10 in 2018 to a substantial 147 in 2022.
The wearable is currently in the prototype stage, with mass production slated to commence in the second quarter of 2024.
Front End, a Saudi investment and development entity, will collaborate with SpaceKnow, a space-tech firm from New York.
The innovative device is called Ballie, and can serve as a versatile pet feeder, projector, and smart home controller.