NBO concludes 2nd fintech accelerator programme with diverse startups

By the Editorial Team · Wednesday, June 24, 2026

The National Bank of Oman concluded its second Fintech Accelerator Programme with a Demo Day showcasing six startups offering diverse financial technology solutions, including digital wealth advisory and AI-driven credit platforms. This event highlights Oman’s accelerating fintech ecosystem and supports the country’s Vision 2040 goals by fostering innovation, strengthening sector collaboration, and attracting investor confidence with $1.8 million in secured funding.

The National Bank of Oman (NBO) has wrapped up its second Fintech Accelerator Programme with a Demo Day event that showcased the progress of six fintech startups, underscoring the bank’s ongoing support for digital innovation in Oman’s financial sector. The event attracted a wide assembly of innovators, regulators, government officials, financial institutions, and other stakeholders from across the Sultanate.

The startups presented a variety of fintech solutions, reflecting a broad approach to financial technology advancement. Among them was Rushd Capital, offering a Sharia-compliant digital wealth advisory platform; Payce, which provides a QR-based payment and bill-splitting system targeting the hospitality industry; and CardO, a virtual disposable payment card designed to improve online transaction security. Other participants included Cxingularity, an artificial intelligence-driven platform for financial due diligence and credit decision-making; Bayzati, a personal finance management app tailored specifically for Oman and the Gulf Cooperation Council (GCC) markets; and Aman, an automated fraud monitoring solution developed under Oman’s Research and Innovation Authority’s Upgrade Programme.

Since its launch, the accelerator programme has supported 11 startups across two cohorts. Participants have achieved important milestones such as product validation, pilot implementations, the formation of strategic partnerships, and engagement with investors. Collectively, startups in the programme have secured investments totaling up to $1.8 million, demonstrating increasing investor confidence in Oman’s fintech scene.

The Demo Day event marked the conclusion of several months of collaboration between the startups and key sector players. It offered founders the opportunity to present their innovations directly to senior representatives from the Central Bank of Oman (CBO), as well as leaders from banking, investment, and government sectors.

NBO highlighted the event as evidence of the rapid development of Oman’s fintech ecosystem. The bank reaffirmed its role in nurturing local talent and fostering innovation, aligning its efforts with the goals of Oman Vision 2040. These objectives include strengthening the financial sector through innovative technology providers, enhancing cooperation between public and private sectors, and supporting the growth of small and medium enterprises (SMEs).

The programme continues to position Oman as a growing hub for financial technology innovation in the region, supported by collaborative efforts from both public institutions and private enterprises.

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