SkipCash, one of Qatar's leading digital payments companies, today announced that it has secured a strategic investment from Qatar International Islamic Bank (QIIB), marking a significant milestone in the company's growth journey and reinforcing its long-term vision of building the next generation of digital payment infrastructure for Qatar and the wider GCC.
The investment reflects growing confidence in SkipCash's strategy, technology, and execution, while highlighting the increasing role of collaboration between Qatar's banking sector and homegrown fintech companies in driving financial innovation and accelerating the country's digital transformation.
Licensed by the Qatar Financial Centre (QFC) and regulated by the Qatar Central Bank (QCB), the company today serves more than 10,000 merchants across multiple industries and processed payment transactions exceeding QAR 1 billion during 2025.
The strategic investment from QIIB will accelerate SkipCash's next phase of growth by expanding its digital payment infrastructure, accelerating product innovation, strengthening its merchant ecosystem, and introducing new financial technologies designed to simplify how businesses accept and manage payments. The investment will also support the company's regional expansion strategy across GCC markets through strategic partnerships and continued innovation.
Mohammed Al-Delaimi, Managing Partner of SkipCash, said:
"This investment represents much more than capital. It is a strong endorsement of the vision we have been building since day one: creating world-class payment infrastructure from Qatar that empowers businesses and contributes to the future of digital commerce across the region."
Dr. Abdulbasit Ahmed A. Al Shaibei, Chief Executive Officer of Qatar International Islamic Bank (QIIB), said:
"QIIB is committed to supporting innovation that contributes to the continued development of Qatar's financial sector. Our strategic investment in SkipCash reflects our confidence in the company's vision, leadership, and ability to deliver innovative payment solutions that support businesses and contribute to the country's digital transformation.
He added: "This strategic investment and partnership come in alignment with the key pillars of the Third Financial Sector Strategy issued by Qatar Central Bank, empowering its vision to foster innovation, drive the growth of the FinTech sector, and establish a sustainable digital economy."
The announcement builds on SkipCash's continued momentum following its successful USD 4 million Series A investment round completed earlier this year with the support of Qatar Development Bank, Qatar Islamic Insurance Company, KBN Holding Group, Finjan Venture Investments, and Doha Tech Angels. Together, these strategic partnerships reinforce SkipCash's position as one of Qatar's fastest-growing fintech companies and provide a strong foundation for its long-term growth strategy.
As Qatar continues advancing its National Fintech Strategy and accelerating the adoption of digital financial services, SkipCash remains committed to building innovative payment technologies that empower businesses, strengthen the local fintech ecosystem, and contribute to the country's ambition of becoming a regional leader in digital finance.
