SkipCash, a Qatar-based mobile payment App, successfully announces its short and medium-term expansion plans as it has partnered with over 250 brands.
The announcement of SkipCash plans and the successful journey was addressed by Mr. Mohammed Abdulaziz Al-Delaimi, the Founder and Managing Director of the startup, in the company’s headquarters in Lusail.
SkipCash has proven its position within the local fintech sector as a licensed firm by the Qatar Financial Centre (QFC) and regulated by the Qatar Central Bank (QCB). It provides consumers and merchants with a convenient and enjoyable payment experience using QR codes, the app facilitates secure digital payment by eliminating cash, physical cards, and point-of-sale (POS) devices.
Mr. Al Delaimi mentioned in his presentation that the mobile application has developed at an exponential rate since its official inception in December 2020. It has over 26,000 users and has completed nearly 9,000 successful financial transactions.
“SkipCash is a national company with a global vision that contributes to Qatar’s digital transformation and the financial technology sector. The application has been the ideal contactless secure payment solution during the pandemic. We have achieved tremendous growth in a short period, we thank all our partners and users for trusting us and look forward to continuing to strengthen our partnerships with them and offering our utmost support.”
SkipCash has also announced new partnerships with Capstone Real Estate. Clients of Capstone Real Estate can pay their monthly rent and enjoy a range of many benefits as a result of the collaboration. Additionally, the company has partnered with Regency Travel to allow consumers to make their bookings through SkipCash and Starlink. Without the need to visit a branch, all payments are processed securely and safely.
SkipCash recently announced the closing of a $1.92 million seed round fundraising from private Qatari investors. The funding was the second round of investments received by SkipCash, following an award of a $192,255 product development fund from Qatar Science and Technology Park (QSTP) in July 2020.