Saudi JournalSaudi Journal
  • Home
  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Business

Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

…

Business

SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

…

Stitch raises $10 million seed to extend services to emerging markets

Qatar’s PayLater receives strategic investment from LuLu AI

Facebook Twitter Instagram Pinterest
Latest posts:
  • Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides
  • SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting
  • Stitch raises $10 million seed to extend services to emerging markets
  • Qatar’s PayLater receives strategic investment from LuLu AI
  • Seven Tides appoints Minor Hotels to manage DUKES The Palm
  • PUMA MIDDLE EAST INTRODUCES THE MOSTRO SQUAD
  • CNTXT AI and Beam Partner to Tackle the Gulf’s $5.4 Billion AI Agent Opportunity
  • Gainz closes pre-seed round to expand SME lending solutions
Facebook Twitter Instagram Pinterest
Saudi JournalSaudi Journal
  • Home

    Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

    SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

    Stitch raises $10 million seed to extend services to emerging markets

    Qatar’s PayLater receives strategic investment from LuLu AI

    Seven Tides appoints Minor Hotels to manage DUKES The Palm

  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Saudi JournalSaudi Journal
Home » Omani BNPL fintech QPay closes Seed round
Business

Omani BNPL fintech QPay closes Seed round

Facebook Twitter Pinterest LinkedIn WhatsApp
Share
Facebook Twitter LinkedIn Pinterest WhatsApp
  • Oman-based fintech QPay has closed a Seed round at an undisclosed value, led by  Cyfr Capital.
  • Founded in 2022 by Khalid Al-Mahrooqi and Ali Al-Lawati, QPay offers Buy Now Pay Later (BNPL) financial services in Oman.
  • This funding round comes as part of Future Fund Oman’s (FFO) strategic mandate to foster and accelerate growth within the country’s fintech sector.

Press release:

Oman’s new licenced ‘Buy Now, Pay Later’ (BNPL) financial services provider, QPay, has successfully closed its new round of seed funding, with Cyfr Capital taking the lead as the primary investor. This significant funding round comes as part of Future Fund Oman’s (FFO)  strategic mandate to foster and accelerate growth within the country’s fintech sector.

Cyfr Capital’s investment in QPay represents the first tranche of FFO’s broader initiative to incubate and support innovative fintech solutions. This investment underscores a shared vision to drive Oman’s digital economy forward by empowering consumers through enhanced access to credit services. With Central Bank of Oman (CBO) approval, QPay is set to offer an industry-leading BNPL platform, designed to create greater financial inclusion across the Sultanate of Oman.

Commenting on the successful funding round, CEO and Co-Founder Khalid Al-Mahrooqi said: “We are thrilled to welcome Cyfr Capital as our lead investor at this pivotal stage in our growth. Their confidence in our vision, alongside the strategic backing from Future Fund Oman, reinforces our ability to drive fintech innovation in Oman. Together, we are set to revolutionise access to essential goods and services, making financial inclusion a reality for more people across the nation.”

QPay’s innovative BNPL model will allow consumers to purchase products and services through convenient, interest-free monthly installments, providing them with greater financial flexibility. The platform, driven by a state-of-the-art mobile application, is designed to serve a diverse demographic, ensuring that credit access is not restricted to a select few but is available to a broader range of consumers. This approach also aligns with the company’s mission to create financial parity and support economic growth by enabling more people to engage and contribute to the growing local economy.

As Oman’s fintech landscape continues to evolve, QPay’s upcoming launch will place the company at the forefront of digital financial services, with the potential to revolutionise how consumers manage their finances. With a strong backing from Cyfr Capital and the Future Fund Oman, QPay is all set to be a key player in shaping the future of the country’s financial ecosystem.

Share. Facebook Twitter Pinterest LinkedIn WhatsApp

Related Posts

Business

Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

Business

SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

Business

Stitch raises $10 million seed to extend services to emerging markets

Business

Qatar’s PayLater receives strategic investment from LuLu AI

Life

Seven Tides appoints Minor Hotels to manage DUKES The Palm

Life

PUMA MIDDLE EAST INTRODUCES THE MOSTRO SQUAD

Business

CNTXT AI and Beam Partner to Tackle the Gulf’s $5.4 Billion AI Agent Opportunity

Business

Gainz closes pre-seed round to expand SME lending solutions

Leave A Reply Cancel Reply

Stay In Touch
  • Facebook
  • Twitter
Business

Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

Abu Dhabi, UAE, May – Yango Group, the global tech company, has launched the Yango Points program in Abu…

SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

Stitch raises $10 million seed to extend services to emerging markets

Qatar’s PayLater receives strategic investment from LuLu AI

Seven Tides appoints Minor Hotels to manage DUKES The Palm

Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

Stitch raises $10 million seed to extend services to emerging markets

Qatar’s PayLater receives strategic investment from LuLu AI

Seven Tides appoints Minor Hotels to manage DUKES The Palm

Stay informed with Saudi Journal, your trusted source for comprehensive coverage of news, events, and insights from Saudi Arabia and beyond. Explore diverse perspectives, stay updated, and engage with the latest stories shaping our world. Experience news like never before with Saudi Journal.

Facebook Twitter
Categories
  • Business (291)
  • Life (108)
  • Saudi Arabia (67)
  • Technology (64)
  • Uncategorized (1)
  • World (51)
    • Africa (9)
    • Asia (24)
    • Europe (4)
    • US (3)
Our Picks
Asia

Score Big At Spartan Sports Café: Your Premier Destination For Live Asian And African Cup Action

Business

Amsa Hospitality appoints Muin Serhan as Chief Executive Officer

Business

Quooker counts on Swisslog expertise for new sustainable logistics center

© 2025 Saudi Journal.
  • Home
  • Saudi Arabia
  • Business
  • Technology
  • Life
  • English
  • العربية

Type above and press Enter to search. Press Esc to cancel.