Qatari Fintech SkipCash is Changing the Way Businesses Move Money

When Mohammed Aldelaimi launched SkipCash in 2019, digital payments were gathering pace around the world, but Qatar's payment ecosystem was lagging behind. Seeing an opportunity to build payment infrastructure tailored to the local market, he set out to create a platform that could serve businesses of all sizes.

Seven years later, SkipCash has grown into one of Qatar's fastest-growing payment platforms, processing more than QAR 1 billion ($274 million) in transactions in 2025 through a network of over 6,000 merchants, with a recent $4 million Series A round is now set to support its expansion across the Gulf.

The problem, as he saw it, ran both ways. Businesses needed a simpler way to accept payments across multiple channels, and consumers had come to expect faster, more convenient digital services.

Rather than focusing on individual payment products, SkipCash set out to build infrastructure that could connect merchants, banks, government initiatives and consumers under one connected platform. Alongside its payment tools, it gives businesses a real-time dashboard to track transactions and access analytics designed to help owners make sharper decisions.

"Many companies focused on individual payment products," Aldelaimi tells StartupScene. "We focused on building infrastructure that could support merchants, banks, government initiatives, and consumers under one connected platform."

As one of the first movers in the Qatari market, Aldelaimi knew that building the technology was only part of the challenge.

"In fintech, trust is everything," he texplainse. "When you are handling payments, businesses and consumers need confidence in your technology, your security standards, and your ability to deliver consistently."

Building from the ground up meant earning that trust from merchants, partners, regulators and customers alike through continuous investment in technology, compliance, security and customer support. Today, SkipCash is licensed by the Qatar Central Bank, which holds it to strict security and compliance standards.

"Looking back, overcoming that challenge became one of our biggest strengths," Aldelaimi says.

The company has seen that investment translate into tangible results for its customers.

"We have worked with merchants that moved from largely cash-based operations to fully digitized payment experiences," Aldelaimi says. "What we consistently see is that businesses become more efficient and scalable once digital payments become an integrated part of their operations."

The February 2026 round, which followed a $2 million seed round in 2021, is aimed at scaling that infrastructure and expanding regionally. It drew participation from Qatar Development Bank, Qatar Islamic Insurance Company, KBN Holding Group, Finjan Venture Investments, Ula Capital and Doha Tech Angels.

The plan from here includes new financial products and deeper partnerships with banks and businesses, with particular focus on rolling out SkipCash's mobile point-of-sale tool, known as Tap-to-Phone, which turns a phone into a card reader.

"We want SkipCash to be recognized not only as a payment provider, but as a company that helped shape the future of digital commerce in the region," Aldelaimi says.

For all the numbers, he still measures the company partly by less tangible things.

"Success for us means continuing to create meaningful value for our customers," he says. "It also means contributing to Qatar's vision of becoming a regional hub for innovation and technology."