SkipCash adds QIIB as strategic investor months after $4M Series A
What's the deal? Qatari Islamic bank QIIBDealroom has a profile for this one. Try Dealroom → has taken a strategic stake in SkipCashDealroom has a profile for this one. Try Dealroom →, one of Qatar's leading digital payments companies. The early-stage investment adds a major domestic lender to the fintech's backer list.
Why now? The deal follows SkipCash's $4 million Series A closed in early 2026, backed by Qatar Development BankDealroom has a profile for this one. Try Dealroom →, Qatar Islamic InsuranceDealroom has a profile for this one. Try Dealroom → Company, KBN Holding Group, Finjan Venture Investments, and Doha Tech Angels. The quick re-raise signals sustained investor appetite for the company.
What does SkipCash do? Founded in 2019, it provides digital payment tools including merchant acquiring, online payment gateways, payment links, QR payments, and Tap to Phone (SoftPOS). Licensed by the Qatar Financial Centre and regulated by the Qatar Central Bank, it serves more than 10,000 merchants and processed over QAR 1 billion in transactions during 2025.
What's the endgame? SkipCash plans to use the funding to expand its payment infrastructure, speed up product development, and strengthen its merchant network. It is also eyeing regional expansion across GCC markets through partnerships.
What they're saying: The investment "represents much more than capital," said Mohammed Al-Delaimi, managing partner of SkipCash, calling it "a strong endorsement of the vision we have been building since day one."
QIIB chief executive officer Abdulbasit Al Shaibei said the deal aligns with the Third Financial Sector Strategy from the Qatar Central Bank, which aims "to foster innovation, drive the growth of the FinTech sector, and establish a sustainable digital economy."
The signal: The tie-up reflects a broader pattern of Qatar's established banks partnering with homegrown fintechs to advance the country's digital transformation. For SkipCash, securing a second backer within a year points to growing confidence in its play to build regional payment infrastructure.
Read more: MarketScreener
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