The National Bank of Oman (NBO) recently concluded the second cohort of its Fintech Accelerator Programme with a Demo Day event that highlighted the progress of six innovative start-ups and underscored the bank’s role in advancing fintech development in Oman. The programme aims to accelerate the country’s digital transformation and enhance its financial technology ecosystem.
The event brought together entrepreneurs, regulators, government officials, financial institutions, and key fintech stakeholders from across the Sultanate to witness presentations from participating companies. The start-ups showcased a range of innovations tailored to diverse sectors within Oman’s financial landscape. Among them were Rushd Capital, a Sharia-compliant digital wealth advisory platform; Payce, which provides a QR-based payment and bill-splitting solution for the hospitality industry; and CardO, a virtual disposable payment card designed to improve security for online transactions.
Other participants included Cxingularity, an artificial intelligence-powered platform offering financial due diligence and credit decisioning; Bayzati, a personal finance management app targeting customers in Oman and the wider Gulf Cooperation Council (GCC) region; and Aman, an automated fraud monitoring system developed as part of Oman’s Research and Innovation Authority’s Upgrade Programme.
Since its launch, the Fintech Accelerator has delivered tangible outcomes for participating ventures, including product validation, pilot tests, the formation of strategic partnerships, and direct engagement with investors. Across the two cohorts, the programme has helped 11 start-ups reach market-ready stages, with participants collectively securing investment funding totaling up to $1.8 million.
NBO’s Demo Day served as the culmination of several months of development and collaboration, providing founders with the opportunity to present their solutions to the Central Bank of Oman and other influential stakeholders from banking, investment, and government sectors. The event emphasized the rapid expansion of Oman’s fintech ecosystem and demonstrated the bank’s ongoing commitment to fostering innovation, supporting local talent, and bolstering small and medium enterprises.
These efforts align with the broader goals of Oman Vision 2040, which prioritizes digital innovation, public-private partnerships, and the growth of technology-driven sectors to diversify the economy and enhance competitiveness. Through initiatives like the Fintech Accelerator Programme, NBO aims to strengthen the national financial system by nurturing emerging technology providers and promoting sustainable development within the country’s fintech sector.