Aligator Secures $1.2M Seed Funding

SkipCash

SkipCash is a mobile payment app that offers a convenient and enjoyable experience throughout the payments journey for both consumers and merchants. The app enables consumers to make digital payments using a proprietary QR code thereby reducing the need for cash, physical cards, and Point-Of-Sale (POS) devices. SkipCash also allows consumers to link their card securely to use it in all their transactions, monitor their spending via visual spending reports, organize their payments receipts, enable virtual account for kids & family members, and access to merchants’ vouchers & coupons.

PayLater

PayLater is Qatar’s first QCB-licensed, Sharia-compliant Buy Now, Pay Later (BNPL) provider, built to make every transaction smarter, safer, and more rewarding. Founded in 2023, PayLater empowers consumers to split their purchases into four equal, interest-free installments over three months, with no hidden fees or surprises. The platform promotes responsible spending and gives users the flexibility to manage their budgets confidently. For merchants, PayLater unlocks measurable growth by boosting conversions, increasing basket sizes, and reducing checkout drop-offs. With instant payouts, seamless API integration, and zero repayment risk, merchants enjoy guaranteed revenue and a smoother customer experience. Whether you’re shopping or selling, PayLater brings simplicity, trust, and innovation to the way Qatar pays. See it. Get it. Split it. The power to shop smart with the confidence to grow.

Rasmal Ventures

Rasmal Ventures LLC is the first independent Qatari venture capital company, established under the jurisdiction of the Qatar Financial Center. Led by a team of seasoned venture capital experts, Rasmal Ventures aims to become an active player in the Middle East and North Africa region’s burgeoning startup and innovation ecosystem. Its first fund, The Rasmal Innovation Fund I is being launched with the support of key Qatari private investors and institutions. The team is working with QFCRA to incorporate the fund, and a first closing is expected to be announced in Q4 2023. Rasmal Ventures aims to raise a fund of $100 million, which will make up to 25 equity investments in Qatari start-ups and scale-ups offering outstanding growth potential as well as MENA and selective international technology investment opportunities at Pre-Series A, Series A, Series B stages. Rasmal Ventures aims to target high performing startups in fast-growing technology sectors. The fund will have a generalist tech approach across all sectors, but will also specialize in verticals such as climate tech and energy tech, supply chain logistics, fintech, B2B SaaS Software and Artificial Intelligence. It has identified these sectors as strategic to Qatar and offering tremendous growth potential in the region.