• Qatar-based fintech platform SkipCash has raised $4 million in a Series A round to scale its smart payments infrastructure and expand across the GCC.
• The round saw participation from Qatar Development Bank, Qatar Islamic Insurance Company, KBN Holding Group, Finjan Venture Investments, Ula Capital, and Doha Tech Angels.
• Founded in 2019 by Mohammed Abdulaziz AlDelaimi, SkipCash provides digital and mobile-first payment solutions across in-store and online commerce environments.
• The company plans to use the funding to enhance its technology stack, expand deployment of its Tap-to-Phone point-of-sale solution, and enter new GCC markets.
• In 2021, SkipCash closes a $2 million seed round from a group of private local investors.

Press release:

SkipCash, a Qatar-based digital payments platform, has closed a $4 million Series A funding round as it accelerates the rollout of its smart payments infrastructure and prepares for expansion across the Gulf.

The round attracted participation from Qatar Development Bank, Qatar Islamic Insurance Company, KBN Holding Group, Finjan Venture Investments, Ula Capital, and Doha Tech Angels.

The investment reinforces SkipCash’s position as one of Qatar’s fastest-growing fintech companies and reflects growing confidence in its mission to modernise payments and shopping experiences across physical and digital commerce channels.

SkipCash plans to deploy the new capital to strengthen its technology infrastructure, expand the rollout of its mobile-based point-of-sale (Tap-to-Phone) solution, and pursue geographic expansion into additional GCC markets. The company is building an integrated payments ecosystem designed to reduce friction for merchants and consumers while supporting multiple commerce environments.

Commenting on the round, Mohammed Abdulaziz Al-Delaimi, Founder and CEO of SkipCash, said the funding marks a pivotal milestone for the company as it scales its platform and delivers simpler, higher-quality payment experiences aligned with global standards.

Founded in 2019, SkipCash currently serves more than 6,000 clients across small, medium, and large enterprises. In 2025, the platform processed payment transactions exceeding QAR 1 billion, underscoring strong market adoption of its mobile-first payment solutions and digital gateways.

With fresh Series A capital in place, SkipCash is preparing to expand beyond its home market, targeting regional growth as demand for contactless and mobile payments continues to rise across the GCC.