FinTech startups in Qatar
There are 73 FinTech startups in Qatar which include PayLater, Fatora, TESS Payments, Cwallet, KARTY. Out of these, 9 startups are funded.
Over the past 10 years, an average of 4 new companies have been launched annually. Notably, several of these startups have been founded by alumni of HEC Paris, London School of Economics and Political Science and New York University.
Here is the list of top FinTech startups in Qatar
1. PayLater
Platform offering pay-later solutions. The platform provides a Sharia-compliant buy now, pay later solution that enables customers to shop online without interest. It offers a range of consumer purchasing solutions, including payment plans.
Key facts about PayLater
- Founded Year: 2023
- Location: Ar Rayyan (Qatar)
- Stage: Unfunded
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 1 of 1 Competitors
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2. Fatora
Invoice management software for businesses. It offers solutions such as sending invoices and payments, selling products, and more. The mobile application is available for Android and iOS users.
Key facts about Fatora
- Founded Year: 2013
- Location: Doha (Qatar)
- Stage: Funding Raised
- Investors: Seedstars International Ventures
- Tracxn Score: 40/100 What is this?
- Competitors Rank: 11 of 116 Competitors
Fintech company providing online payment solutions for businesses. It offer an online payment gateway for real time transaction monitoring and data driven decision for managing business growth. It allows users to pay using a variety of local and international payment methods including credit and debit cards, mobile wallets, and more. It offers APIs, POS, CMS plugins, and mobile SDKs that allow for integration with e commerce platforms, and more. It is a tool available on the subscription based pricing model.
Key facts about TESS Payments
- Founded Year: 2016
- Location: Doha (Qatar)
- Stage: Seed
- Investors: Fingular
- Latest Funding Round: Seed, Aug 27, 2024, $*****
- Tracxn Score: 38/100 What is this?
- Competitors Rank: 10 of 37 Competitors
4. Cwallet
Cross-border money transfer platform for individuals and businesses. It offers features digital wallets to send, receive, and make payments overseas. Also, provides tools for businesses to make payroll payments, B2B transfers, and accept payments across borders. The application can be accessed on iOS and Android devices.
Key facts about Cwallet
- Founded Year: 2018
- Location: Doha (Qatar)
- Stage: Seed
- Total Funding till date: $1.09M
- Investors: MBK Holding, Tenity and 5 Others
- Latest Funding Round: Seed, Jun 15, 2022, $*****
- Tracxn Score: 37/100 What is this?
- Competitors Rank: 657 of 4,998 Competitors
5. KARTY
Provider of spend and transaction management solutions for businesses. It offers a unified experience while complementing basic banking products like Current accounts, debit & credit cards. It offers a fully digital solution to control transactions, with budgeting options, to track spending.
Key facts about KARTY
- Founded Year: 2021
- Location: Doha (Qatar)
- Stage: Seed
- Total Funding till date: $3.15M
- Investors: Qatar Development Bank, Visa and 2 Others
- Latest Funding Round: Seed, Jan 22, 2024, $*****
- Tracxn Score: 36/100 What is this?
- Competitors Rank: 471 of 2,810 Competitors
