The National Bank of Oman (NBO) has successfully wrapped up the second cohort of its fintech accelerator program, culminating in a Demo Day that highlighted the bank’s growing role in shaping the Sultanate’s digital economy. The event brought together regulators, government officials, and financial institutions to see the latest solutions from Oman’s emerging tech talent.
Quick Facts
- Six fintech startups graduated from the cohort.
- Investment opportunities up to $1.8 million available.
- 11 total graduates across two cohorts.
Meet the Cohort: From Sharia-Compliant Wealthtech to AI Credit
The six participating startups presented a diverse set of solutions aimed at tackling specific market needs in Oman and the wider GCC region. The lineup included:
- Rushd Capital: A digital advisory platform for Sharia-compliant wealth management.
- Payce: A QR code-based payment and bill-splitting platform targeting the hospitality sector.
- CardO: A service providing temporary virtual payment cards to improve online transaction security.
- Cxingularity: An AI-powered platform designed to support and automate credit decisions.
- Bayzati: A personal finance management application tailored for users in Oman and the GCC.
- Aman: An automated fraud-monitoring platform developed under the Upgrade program by Oman’s Authority for Scientific Research and Innovation Development.
Building a Pipeline for Oman’s Vision 2040
The Demo Day marked the conclusion of months of collaboration and development, giving founders a platform to pitch their solutions directly to key decision-makers, including representatives from the Central Bank of Oman.
Across its two cohorts, the accelerator has focused on helping startups achieve tangible milestones, including product validation, pilot project implementation, and building strategic partnerships. By connecting founders with investors and industry leaders, the program aims to convert innovative ideas into market-ready businesses, directly contributing to the goals of Oman’s Vision 2040.
About the NBO Fintech Accelerator
The National Bank of Oman’s fintech accelerator program is an initiative designed to support and fast-track the growth of early-stage financial technology startups. The program provides mentorship, resources, and access to a network of industry experts and potential investors to help founders develop their products and scale their businesses, strengthening Oman’s position as a regional hub for innovation.
Source: Al Shabiba
