omnispay, the UAE-based fintech specializing in SME payments, has successfully closed a $2 million Pre-Series A funding round. The investment was led by Infinity Value Capital Group and marks a significant step in the company’s evolution.
The new capital will fuel Omnispay’s strategic transition from a provider of rapid payment settlements for merchants to a comprehensive financial platform for small and medium-sized enterprises (SMEs).
From Payments to a Full-Stack Finance Platform
Omnispay is expanding its services to create an integrated ecosystem for SMEs, focusing on cash flow management and embedded credit solutions. This will be achieved through a unified platform that combines collection, payment, and borrowing functionalities, aiming to transform daily financial operations for small businesses.
“This investment accelerates our transition to an AI-native SME finance platform, enabling us to re-architect how small businesses experience finance and transform cash flow from a daily struggle into a strategic advantage,” said Vimal Kumar, Co-founder and CEO of Omnispay.
AI-Powered Risk Management and Growth
Central to Omnispay’s operations is its proprietary AI risk engine, ARIES, which monitors transactions in real-time to effectively manage risk. This technological foundation has supported impressive growth, with the company doubling its customer base and quadrupling its processing volume over the past year. This expansion resulted in a 5.5x increase in revenue while maintaining operational efficiency.
The platform’s impact is demonstrated by clients like GForm, a project management firm that utilized Omnispay’s next-day settlements to overcome cash-flow constraints and fund a physical expansion. The company also reports a Net Promoter Score of over 60, indicating high customer satisfaction.
Strategic GCC Expansion
With the fresh funding, Omnispay is set to broaden its operational footprint across the GCC. A key focus of this expansion will be entering the Saudi Arabian market. The company also plans to build a robust network of distribution and lending partners to support its growth throughout the region.
About Omnispay
Founded in the UAE, Omnispay is a fintech company dedicated to empowering SMEs with advanced financial tools. The company provides an integrated platform for cash flow management, payment processing, and embedded credit, using AI-driven technology to help small businesses manage their finances more effectively and strategically.
Source: Jawlah
