Qatari fintech firm SkipCash has successfully closed a $4 million Series A funding round. The investment saw participation from a consortium of local investors, led by Qatar Development Bank, alongside Qatar Islamic Insurance Company, KBN Holding Group, Fenjan portfolio, Al-Ula Capital, and the Doha Tech Angels fund.
This new capital injection is set to accelerate the company’s plans to enhance its technology infrastructure, solidify its market presence in Qatar, and fuel its expansion into new markets across the Gulf Cooperation Council (GCC).
Driving Growth With Strategic Local Investment
The round reflects growing investor confidence in SkipCash’s business model and its vision to redefine the payment experience for both brick-and-mortar stores and e-commerce platforms. The participation of prominent local institutions underscores a strong belief in the company’s potential to become a leading fintech player in the region.
Fueling Tech Development and GCC Expansion
SkipCash intends to allocate the funds towards advancing its tech infrastructure and expanding the adoption of its mobile “Tap-to-Phone” solution. This technology allows merchants to accept payments directly on their smartphones, eliminating the need for traditional point-of-sale hardware. A significant portion of the investment is also earmarked for geographic expansion into neighboring GCC countries as the company aims to build a seamless and integrated payments ecosystem.
According to Mohammed Abdulaziz Al-Delaimi, Founder and CEO of SkipCash, the funding marks a pivotal moment for the company. “This $4 million is not just funding; it’s fuel for an ambitious plan to make payment challenges a thing of the past. We are building an integrated payments ecosystem that provides a seamless and exceptional experience for both merchants and shoppers, in line with the highest international standards,” he stated.
Impressive Traction in the Qatari Market
Since its inception, SkipCash has demonstrated significant growth, now serving over 6,000 clients ranging from small and medium-sized businesses to large corporations. In 2025 alone, the company processed payment transactions exceeding QAR 1 billion, highlighting the rapid adoption of its digital solutions within the local market.
About SkipCash
Founded in 2019, SkipCash is a Qatari financial technology company focused on digitizing payments and simplifying the shopping experience for in-store and online transactions. Through its advanced mobile payment solutions and digital gateways, the company empowers merchants to efficiently and securely manage their financial operations without relying on traditional payment methods.
Source: Jawlah
