QPay
ActiveBuy Now, Pay Later (BNPL) mobile app letting consumers split retail and healthcare purchases into four interest-free installments
Oman's first Central Bank-licensed BNPL fintech, splits purchases into four interest-free installments, merchants paid upfront. Sharia-compliant model, healthcare BNPL via Muscat Private Hospital partnership, closed Cyfr Capital-led seed round Oct 2024 as part of Future Fund Oman fintech initiative.
Founders
Funding Rounds
Lead: Cyfr Capital
Investors: Cyfr Capital, Future Fund Oman, Future Fund Oman (strategic backing)
Oman's first licensed BNPL provider; amount undisclosed. | Amount undisclosed. | Future Fund Oman first batch; first licensed Omani BNPL provider; per-company amount not stated. | Amount undisclosed; first tranche of Future Fund Oman's fintech initiative via Cyfr Capital. BNPL. Date is the article date. Also: https://www.muscatdaily.com/2024/10/02/future-fund-oman-unveils-projects-worth-ro832mn/ https://www.wamda.com/2024/10/omani-bnpl-fintech-qpay-closes-seed-round Confidence: confirmed (round 13, Arab News).
Lead: Cyfr Capital
Investors: Cyfr Capital, Future Fund Oman
Amount undisclosed. Company press release (carried by Zawya/Oman Observer, CEO Khalid Al Mahrooqi quoted). Cyfr Capital's cheque is described as the first tranche of Future Fund Oman's fintech initiative, so FFO is the strategic backer behind the lead rather than a separately disclosed investor. Headline says 'new round of seed funding' but no earlier seed round is referenced anywhere. Also: https://www.wamda.com/index.php/2024/10/omani-bnpl-fintech-qpay-closes-seed-round https://www.zawya.com/en/press-release/companies-news/qpay-closes-new-round-of-seed-funding-with-cyfr-capital-as-lead-investor-krecg12p https://entarabi.com/en/2024/10/qpay-closes-seed-funding-round-led-by-cyfr-capital/ Confidence: confirmed (round 13, Oman Observer).
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