About Us
Achievements
These achievements mark pivotal moments for Fintech Solutions, demonstrating its ability to navigate complex regulatory landscapes, expand its operational footprint across jurisdictions, and secure strategic investments to fuel its growth and innovation within the fintech industry.
Pioneer
The first sandbox approved BNPL platform in Oman is Qpay
Validation
Qpay was approved by the Central Bank of Oman for the final go-live testing
Alliances
QPay is part of the Qatar Development Bank investment portfolio through the Qatar FinTech Hub Accelerator Program
Authorized
Qpay is a licensed entity in the Qatar Financial Centre to offer Micro-lending and Fintech services.
DEMO DAY- Qatar Fintech Hub
Qpay qualified from 500 applicants. After a further rigorous shortlisting process 14 FinTech Startups were invited to pitch to a jury comprising Strategic and Theme Partners from which 10
FinTech Startups were selected for direct entry to the program. The program was conducted in partnership with key industry players with the likes of VISA, Qatar Insurance Company, Mastercard, and QDB to empower FinTech Startups in different areas such as PayTech, InsurTech, Buy Now Pay Later, and Loan-Based Crowdfunding. Qpay secured a capital pre-seed investment inclusive of cash and in-kind.
QPay's Success at COMEX
Central Bank of Oman Recognition
QPay was honored by the Central Bank of Oman as the first licensed Omani Buy Now Pay Later platform. This recognition solidifies QPay’s position as a pioneer in the fintech industry in Oman.
Partnership with Vodafone Oman
In a strategic move, QPay signed a Memorandum of Understanding (MOU) with Vodafone Oman to become their official partners for providing customers with mobile devices in installments. This partnership signifies QPay’s commitment to providing convenient and accessible financial solutions to customers.
Collaboration with Oman Credit Bureau (Malaa)
QPay also signed an agreement with the Oman Credit Bureau services, Malaa, to provide consumers with access to creditworthiness information. This historic milestone marks the first instance of a fintech company being connected to a credit agency in Oman, underscoring QPay’s dedication to advancing financial inclusion.
Recognition at SCALE Award
As part of its participation in COMEX 2024, QPay was shortlisted among 25 fintech companies to compete for the SCALE award, organized and sponsored by ITHCA Group Oman. QPay’s outstanding contributions and innovations were acknowledged as they emerged victorious, claiming the prestigious award.
Our Story
Founded in Oman
Partnered Retialers
Our Partners
Introducing Our Founders: Visionaries in Transformation and Fintech
At Fintech Solutions, our founders are at the forefront of driving transformation and innovation in the fintech landscape. Their expertise and leadership have been instrumental in shaping our company’s success.
Khalid Al-Mahrooqi :
Khalid, the CEO and our esteemed co-founders brings a wealth of experience in spearheading business transformation initiatives. His proficiency lies in strategic change management and operational optimization across diverse industries. Khalid’s visionary leadership has been pivotal in positioning Fintech Solutions as a forward-thinking organization with a keen focus on leveraging technology to drive impactful transformation within the Fintech sector.
Ali Al-lawati:
CTO and co-founder, Ali is renowned for his pioneering work in fintech innovation. With a strong background in developing cutting-edge fintech solutions and a deep understanding of market dynamics, ALi is dedicated to revolutionizing financial services through technology. His expertise in fintech product development and strategic partnerships has played a significant role in establishing Fintech Solutions as a leader in the evolving fintech landscape.
Shaping the Future of Fintech
The collective expertise of Khalid and Ali forms the cornerstone of Fintech Solutions’ commitment to driving transformation and innovation within the fintech industry. Their collaborative vision and strategic insight have been instrumental in shaping the company’s mission to deliver pioneering fintech solutions, empowering businesses and individuals to thrive in the digital economy.
