Qatari Fintech SkipCash Raises $4M Series A to Expand Gulf Payments
Qatar-based SkipCash secured $4 million to scale its tap-to-phone payments platform and enter new Gulf markets.
Qatar-based digital payments platform SkipCash has raised $4 million in Series A funding as it looks to expand its smartphone-based point-of-sale infrastructure across the Gulf. The round was backed by Qatar Development Bank, Qatar Islamic Insurance Company, KBN Holding Group, Finjan Venture Investments, Ula Capital and Doha Tech Angels.
Founded in 2019, SkipCash provides a tap-to-phone mobile POS solution that allows smartphones to function as payment terminals without dedicated hardware. The platform is currently used by more than 6,000 merchants across Qatar.
The company said the new funding will be used to enhance its technology stack, broaden deployment of its mobile POS offering and support expansion into additional Gulf markets. In 2025, SkipCash processed transactions exceeding QAR 1 billion, reflecting growing adoption of contactless and mobile-first payments across retail and online commerce.
