SkipCash Secures $4M Series A to Scale Digital Payments Across the GCC

SkipCash is a digital payment platform which is based in Qatar, has raised $4 million in Series investment to expand operations throughout the Gulf Cooperation Council (GCC) and accelerate the start of its smart payment infrastructure, displaying increased investor confidence in the region’s fintech ecosystem. 

This funding is expected to move the company’s drive into phone tap technology, which enables retailers to accept electronic payments directly on smartphones without the need for standard point-of-sale hardware. This strategy shows the growing need among companies making the shift to digital commerce for flexible and economical payment systems. 

Prior to this funding, SkipCash has been developing progress in the digital payments industry. In 2025, it processed over QAR 1 billion in transactions, showing significant operational traction before its regional growth even since it was founded in Qatar.  

There are several prominent regional investors that have contributed to the Series A round such as Qatar Development Bank, Qatar Islamic Insurance Group (QIIG), KBN Group Holding, Finjan Investments, Ula Capital, and Doha Tech Angels. Their engagement indicates institutional interest in technological innovations that may enhance the Gulf's payment infrastructure.

SkipCash plans to use the additional funding to extend its smart payments ecosystem outside of Qatar, while aiming at focusing on larger GCC economies where digital financial services are growing quickly. This move correlates with wider regional trends which state that the GCC fintech market is expected to increase from QAR 5.6 billion in 2023 to QAR 31.7 billion by 2030, indicating an increasing long-term need for modern payment solutions.

Therefore, SkipCash's most recent fundraising round represents more than just a financial milestone; it also indicates the Middle East's rapidly moving toward embedded, software-driven payment networks. If carried out well, the company's growth could strengthen the GCC's standing as a developing center for fintech innovation and increase financial inclusion for both consumers and merchants.