- SkipCash Secures Strategic Investment from QIIB to Accelerate Gulf Expansion
- The investment aims to strengthen collaboration between the banking sector and fintech startups, accelerating digital transformation across the Qatari market.
- Qatari digital payments company SkipCash has secured a strategic investment from Qatar International Islamic Bank (QIIB) in a move designed to accelerate the company’s growth and support its plans to build next-generation digital payment infrastructure across Qatar and the GCC.
Qatari fintech company SkipCash, a leading provider of digital payment solutions, has secured a strategic investment from Qatar International Islamic Bank (QIIB), marking a significant milestone in its growth journey and supporting its vision to build the next generation of digital payments infrastructure in Qatar and across the Gulf region.
The investment reflects confidence in SkipCash’s strategy, technology, and execution capabilities, while highlighting the growing collaboration between the banking sector and Qatari fintech startups to foster innovation and accelerate digital transformation.
Founded in 2019, SkipCash provides secure and innovative digital payment solutions for businesses of all sizes. Licensed by the Qatar Financial Centre (QFC) and regulated by the Qatar Central Bank (QCB), the company currently serves more than 10,000 merchants and processed transactions exceeding QAR 1 billion during 2025.
The new investment from QIIB will support SkipCash’s next phase of growth by expanding its payments infrastructure, accelerating product development, strengthening its merchant ecosystem, launching new fintech solutions, and advancing its regional expansion strategy through strategic partnerships across GCC markets.
Mohammed Abdulaziz Al-Dulaimi, Managing Partner at SkipCash, said:
“This investment represents far more than capital; it is a strong endorsement of our vision to build a world-class payments infrastructure from Qatar.
Having Qatar International Islamic Bank join us as a strategic investor demonstrates what financial institutions and fintech companies can achieve together.
We look forward to empowering businesses and delivering smarter payment experiences that create sustainable economic value.”
Dr. Abdulbasit Ahmed Al-Shaibei, Chief Executive Officer of Qatar International Islamic Bank (QIIB), said:
“Our investment reflects our confidence in SkipCash’s vision, leadership, and ability to deliver innovative payment solutions”.
He added:
” We look forward to working together to strengthen Qatar’s fintech ecosystem and create new opportunities that generate greater value for customers and businesses.”
He added:
“This strategic investment aligns with the Qatar Central Bank’s Third Financial Sector Strategy and supports its vision of fostering innovation, advancing the fintech sector, and building a sustainable digital economy.”
The announcement follows SkipCash’s $4 million Series A funding round, backed by the Qatar Development Bank, Qatar Islamic Insurance Company, KBN Holding Group, Finjan Venture Capital, and Doha Tech Angels.
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