SkipCash raises $2 million seed round

SkipCash raises $2 million seed round

 Press release

Qatar's mobile payment company, SkipCash, announced closing QAR 7 million (USD 1.92mn) seed round funding from private Qatari investors. SkipCash is on track to become the most used mobile payment application in the peninsula.

The funding secured represents the second round of investments SkipCash received, following an awarded product development fund of QAR 700,000 in July 2020 from Qatar Science and Technology Park (QSTP), in recognition of its offerings that addresses a key market need in the local economy.