NBO concludes its Second Cohort Fintech Accelerator Programme

Muscat: The National Bank of Oman (NBO) has successfully concluded the second cohort of its Fintech Accelerator Programme with a Demo Day that reaffirmed its commitment to fostering fintech innovation while accelerating Oman’s digital transformation journey. 

Six participating start-ups showcased a diverse range of fintech innovations at the event, which brought together leading innovators, regulators, government representatives, financial institutions, and fintech stakeholders from across the Sultanate. These included Rushd Capital, a Shari’a-compliant digital wealth advisory platform; Payce, a QR-based payment and bill-splitting solution for the hospitality sector; CardO, a virtual disposable payment card designed to enhance online transaction security; Cxingularity, an AI-powered financial due diligence and credit decisioning platform; Bayzati, a personal finance management application tailored for Oman and the GCC; and Aman, an automated fraud monitoring platform developed under Oman’s Research and Innovation Authority’s Upgrade Programme.

Across both cohorts, participants achieved key milestones, including product validation, pilot testing, strategic partnerships, and investor engagement, demonstrating the programme’s success in transforming innovative ideas into market-ready solutions. Participating start-ups also secured investments of up to USD 1.8 million. To date, the accelerator has graduated 11 start-ups, including five from the inaugural cohort and six from the second cohort.

The Demo Day marked the culmination of months of collaboration and innovation, providing founders with the opportunity to showcase their solutions to the Central Bank of Oman (CBO) and key decision-makers across the banking, investment, and government sectors. The event highlighted the rapid growth of Oman’s fintech ecosystem while reaffirming NBO’s commitment to fostering innovation, nurturing local talent, and supporting the objectives of Oman Vision 2040 by strengthening the sector with innovative solution providers, enhancing public-private collaboration, and supporting small and medium enterprises (SMEs).