Qatar’s Dibsy Raises $300,000 to Expand Digital Payment Services

Qatar-based fintech startup Dibsy has raised $300,000 in a pre-seed funding round led by Group CEO of Qatar Insurance Group Salem Khalaf Al Mannai, with the participation of various local angel investors. The funding will be used to invest in new hires and expand the startup’s team, as well as towards business development in pursuit of grabbing a larger chunk of the Qatari digital payment market.

Dibsy will also widen its scope to provide more services centered around its business payment solutions. Founded in Doha in 2020 by Ahmed Isse, Anouar El Mekki, and Loyan Farah—three leading figures in the Qatari digital technology realm—Dibsy strives to simplify the payments process with its no-frills onboarding and accelerated integration with simple application programming interfaces (API). The tool allows merchants to accept payments via their website, apps, or even messaging platforms.

Co-founder Isse commented: “businesses can now use Dibsy to get everything up and running very quickly with our simple onboarding.” Qatar is quickly embracing digital transformation as the demand for fast and simple online payments steadily increases. Dibsy has already positioned itself at the forefront of the digitalised payments industry. Looking to transform the region’s payment landscape, Dibsy has set out on a mission to accelerate the growth of digital payments, strengthening the capacity of online and offline businesses to accept various forms of payments on one platform