Seed

Unknown Series Round

Muscat

Mazin Al Naamani

Majid Al-Lawati

Ali Al Sibani

Discover Cyfr Capital: funding sectors, portfolio highlights, and investment strategy. Explore profiles on Lucidity Insights.

Cyfr Capital

Cyfr Capital is an independent venture capital firm that invests in early-stage and technology-enabled startups. The firm partners with regional entities like Future Fund Oman to provide seed funding and accelerate growth for local businesses.

Dubai

Mamo Pay

Fintech

Financial Services

Digital Payments

Payment

Payments

Mobile Payments

Full-stack payment services platform for SMEs. First local UAE startup regulated by the Dubai Financial Services Authority ("DFSA"). Mamo’s ambition is to accelerate the MENA region towards digital payments and champion financial inclusion and literacy across economically diverse communities.

Mamopay

Invoice Financing

Mamo transforms businesses by helping them consolidate payment collection, corporate cards, and expense management in one beautiful, intuitive platform.

Kaso

Restaurant

E-Commerce

Marketplace

Kaso (formerly ElKaso) is an online B2B platform that facilitates order processing and communication between restaurants and suppliers.

Fascano

Mobile Apps

Restaurants

Food Delivery

IT Services

IT Consulting

Food Processing

Hospitality

Food and Beverages

Cloud

Fascano is a technology company that provides a cloud‑based smart ordering platform with digital menus, order management, reservations, and QR‑code payments for restaurants, cafés, and hotels.

Qpay

Finance

Financing Platform

Software Dev/Test

BNPL

Qpay is a fintech platform offering a Buy Now, Pay Later (BNPL) service that enables consumers to split purchases into four interest‑free payments through a secure and user‑friendly mobile app aligned with Islamic finance principles.

Pre-Seed

Bima

Insurance

Travel

Automotive

Insurtech

Online Portals

Bima is a fintech company offering a digital insurance aggregation platform that enables users to easily compare and purchase insurance products such as car, health, travel, and life insurance online.

Sooq Cars

iO Eats

Darrbak

Traveltech

Travel Agency

Travel Arrangements

Darrbak is an innovative marketplace that allows explorers to access all the available experiences in Oman from a single place, enabling them to customize and book their trips up to 6 months in advance with the convenience of online payments. Tour providers benefit from a more efficient communication channel and the payment gateway guarantees them their fees in advance. Darrbak provides an unprecedented range of choice and convenience for users and a secure and reliable platform for tour operators.

Decoil

Automation

Artificial Intelligence (AI)

Decoil is an AI platform that delivers intelligent automation solutions. The platform helps businesses improve efficiency and automate key processes.

Pack'N

Omani online food ordering platform Fascano has successfully closed its second funding round.

The round was led by the Oman Future Fund, in collaboration with the Oman Investment Authority and Cyfr Capital, reflecting strong confidence in the company’s potential and innovation capabilities.

The newly secured investment will be used to support the platform’s expansion in offering innovative technological solutions for the hospitality, food, and beverage sectors.

Omani Platform Fascano Closes Second Funding Round Led by the Oman Future Fund

Thrilled to announce that QPay has successfully closed its second round of seed funding, with CYFR Capital securing the entire round. This marks a pivotal moment, as it’s the first wave of investments from Oman Future Fund through CYFR Capital – an incredible boost to fuel our vision of transforming the Sultanate of Oman's fintech space.

Qpay's LinkedIn Post

Oman’s new licensed 'Buy Now, Pay Later' (BNPL) financial services provider, QPay, has successfully closed its new round of seed funding, with Cyfr Capital taking the lead as the primary investor. This significant funding round comes as part of Future Fund Oman (FFO)’s strategic mandate to foster and accelerate growth within the country’s fintech sector.

Cyfr Capital’s investment in QPay represents the first tranche of FFO’s broader initiative to incubate and support innovative fintech solutions. This investment underscores a shared vision to drive Oman’s digital economy forward by empowering consumers through enhanced access to credit services. With Central Bank of Oman (CBO) approval, QPay is set to offer an industry-leading BNPL platform, designed to create greater financial inclusion across the Sultanate of Oman.

QPay closes new round of seed funding with Cyfr Capital as lead investor

Bima بيمة has successfully secured funding for its upcoming investment round, becoming the first startup to receive funding from the Cyfr Future Fund in partnership with Future Fund Oman. Cyfr Capital, a venture capital firm based in Oman, is known for supporting category-defining startups globally. This partnership highlights the confidence in Bima's vision and growth, with plans to leverage the support for further innovation and success.

Bima بيمة’s Post

Cyfr Capital

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 7 sectors we invest in

Portfolio Companies
or Investments

Executive Team Members

Cyfr Capital

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 7 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

Portfolio Companies
or Investments