What is SkipCash?
Founded in 2019, SkipCash serves as a critical infrastructure provider for the digital economy in Qatar. The company specializes in digitizing payment flows, offering a comprehensive suite of mobile-based payment solutions and sophisticated digital payment gateways. By bridging the gap between traditional retail and modern e-commerce, SkipCash enables merchants to streamline their financial operations, reduce reliance on legacy payment methods, and enhance overall transaction security.
The firm's market position is defined by its focus on user-centric design and operational efficiency. As a key enabler of the cashless transition, SkipCash provides the necessary tools for businesses to manage payments with greater agility, effectively positioning itself as a cornerstone of the local digital transformation strategy.
How much funding has SkipCash raised?
SkipCash has raised a total of $5.9M across 2 funding rounds:
Angel/Seed
$1.9M
Series A
$4M
Angel/Seed (2021): $1.9M, investors not publicly disclosed
Series A (2026): $4M led by Qatar Islamic Insurance Group QPSC, Qatar Development Bank, Doha Tech Angels, and KBN Group Holding
Key Investors in SkipCash
Qatar Islamic Insurance Group QPSC
Qatar Islamic Insurance Company (QIIC) offers a wide range of insurance products and services, emphasizing Islamic insurance principles to provide secure and smart coverage for both individual and corporate clients.
Qatar Development Bank
Qatar Development Bank (QDB) is dedicated to supporting the growth and diversification of businesses in Qatar, providing essential resources and training to entrepreneurs and SMEs.
Doha Tech Angels
Doha Tech Angels is a private investment club focused on empowering tech disruptors through strategic insights, mentorship, and capital for early-stage innovative businesses.
What's next for SkipCash?
With the successful closure of this latest financing round, SkipCash is poised to enter a new phase of aggressive scaling and technological refinement. The strategic focus will likely shift toward enhancing its payment gateway capabilities and deepening its integration with regional e-commerce platforms. By utilizing the capital to optimize its backend infrastructure and expand its merchant acquisition efforts, the company aims to solidify its leadership in the Qatari fintech market.
Furthermore, the involvement of institutional backers suggests a long-term commitment to fostering a robust digital financial ecosystem. Future growth initiatives will likely prioritize the development of value-added financial services, potentially including advanced analytics for merchants and expanded consumer-facing payment features, ensuring that SkipCash remains at the forefront of the regional digital payment revolution.
