SkipCash, a mobile payments startup, has secured $4 million in Series A funding to expand its digital payment services across key African and GCC markets. The round was led by Qatar Development Bank, KBN Group Holding, Finjan Investments, and Doha Tech Angels, highlighting continued investor confidence in fintech solutions that simplify payments and drive financial inclusion.
The funding comes at a critical moment for SkipCash. With mobile and QR-based payments on the rise, many merchants and consumers are moving away from cash, seeking faster, safer, and more convenient ways to transact. SkipCash’s platform, which allows merchants to accept payments via secure QR codes and linked cards, has already processed over QAR 1 billion in transactions and supports more than 6,000 merchants. Investors say the capital will accelerate expansion, improve infrastructure, and support product development to meet growing demand.
The cause of this funding round is clear: fintech adoption in Africa and the Gulf is skyrocketing, but infrastructure and merchant onboarding remain fragmented. SkipCash identified a gap — merchants struggling to process payments efficiently, consumers limited by cash or card-only systems — and positioned itself to provide an accessible, scalable alternative. The Series A funding addresses this challenge, enabling SkipCash to grow operations and onboard more merchants while strengthening its payment network.
The effect of this injection will likely be significant. More merchants can go cashless, consumers benefit from faster transactions, and financial activity can be tracked in real time, reducing fraud risk and improving financial transparency. Analysts note that successful deployment could influence other fintech startups to pursue similar QR-based and mobile-first payment solutions, accelerating the cashless economy trend across the region.
SkipCash’s $4 million funding is a strategic milestone in its growth journey. By leveraging investor capital to scale technology, expand markets, and improve merchant adoption, the company is positioning itself as a key player in the digital payments ecosystem — one that could redefine how transactions are conducted across Africa and beyond.
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