SkipCash Secures $4M Series A to Expand Gulf Payment Solutions

Mohammed Fathy

Last updated 1-02-2026

2 min

Qatar fintech SkipCash closed a $4m Series A from banks and regional tech investors.

The startup offers mobile POS payments, turning smartphones into tools for everyday merchants.

Funds will strengthen its tech stack and support expansion across Gulf markets.

Founded in 2019, SkipCash has grown alongside Qatar’s accelerating shift towards cashless payments.

Qatar Development Bank’s backing signals a move into a more structured growth phase.

Qatar-based fintech SkipCash has closed a $4 million Series A round, a solid vote of confidence for a payments company that’s been quietly building real momentum in the market. The round saw participation from Qatar Development Bank, Qatar Islamic Insurance Company, KBN Group Holding, Finjan Investments, Alula Capital and Doha Tech Angels, bringing together a mix of institutional backers and regional tech investors.

If you’ve spent any time around merchants in the Gulf, you’ll know how central smooth payments are to day-to-day business. SkipCash focuses on payment solutions, including mobile point-of-sale tools that let businesses accept digital payments using smartphones instead of bulky hardware. It’s one of those ideas that sounds obvious now but, as many founders will tell you, getting it right is a bit of a faff.

The company plans to channel the fresh capital into strengthening its technology infrastructure and expanding into new Gulf markets. That expansion piece matters. From what I’ve seen around the regional startup scene, scaling across borders in the GCC can be spot on… when the regulatory and banking rails line up. When they don’t, founders earn every grey hair.

SkipCash was founded in 2019 by Mohammed Al‑Delaimi and has grown alongside a wider shift towards cashless payments in Qatar and beyond. Back when Arageek first started covering fintech in the region, mobile POS was more nice-to-have than essential. Fast forward to today, and it’s a different ball game entirely.

That said, I reckon the most interesting detail in this round is the involvement of Qatar Development Bank, which often signals a company moving from scrappy startup mode into a more structured growth phase. On the flip side, rapid geographic expansion is never without risk, well… I mean, anyone who’s tried to replicate success market by market knows that.

All in all, this Series A puts SkipCash in a stronger position to compete as digital payments heat up across the Gulf, and it will be intersting to watch how quickly it can turn new capital into real market share.

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