Dubai - Sharikat Mubasher: Omnispay, a leading provider of innovative fintech and payment solutions for small and medium-sized enterprises (SMEs) based in the UAE, successfully secured $1.5 million in a seed funding round led by Mercatus Capital, with participation from regional and international investors.
Omnispay will use the investment to accelerate its mission to empower SMEs with an all-in-one platform for collecting, paying, and managing cash flow while advancing the GCC’s digital transformation agenda, the company announced in a press release today.
Simanta Das, Co-Founder and COO of Omnispay, affirmed that the round is a testament to the company’s vision and market fit. “We are thrilled to welcome Mercatus Capital and our other investors who share our belief in empowering SMEs through accessible, multilingual, and intelligent payment solutions.”
Das explained that the Omnispay platform simplifies the entire payment journey, from invoice management and smart efficiency tools to quick settlement, including responsible borrowing options.
For his part, Vimal Kumar, Co-Founder and CEO of Omnispay, commented: “SMEs are the backbone of the GCC economy, yet they’ve been underserved by legacy financial tools. By democratizing access to digital payments, we believe we’re fueling regional growth”.
Omnispay combines Collect, Pay, and Borrow functionalities intelligently orchestrated to reduce transaction costs, simplify cash flow management, and provide SMEs with a competitive edge in a digital-first economy. With over 1,600 businesses onboarded and a 40% month-on-month growth in processed volumes, the platform is rapidly becoming the go-to solution for SMEs.
