omnispay
Omnispay is a Dubai-based digital finance platform founded in 2023 that provides UAE and GCC SMEs with integrated payment collection, supplier payouts, working capital, and AI-driven cashflow analytics through a single compliance-enabled stack.
- Company typePrivate
- Founded2023
- HeadquartersDubai, United Arab Emirates
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What omnispay does
Omnispay is a Dubai-based digital finance platform founded in 2023 that provides SMEs in the UAE and broader GCC market with integrated payment collection, supplier payouts, and working capital management tools. The company addresses a structural pain point for small and mid-sized merchants, fragmented banking rails and limited access to short-term financing, by consolidating these workflows into a single platform with embedded compliance and underwriting.
The product surface spans five modules: Collect (payment links, QR, POS, and a payment gateway), Pay (mass payouts and vendor settlements), Borrow (a cash advance product underwritten by an in-house AI engine), Pro Tools (cashflow and spend analytics), and omnisAI (the AI layer powering underwriting and analytics). Distribution is enabled through e-commerce platform plugins and integrations with partner Geidea for POS and Shufti Pro for KYC, allowing SMEs to onboard without replacing existing systems.
The business model combines transaction-based fees (2.49%-3.5%+AED1 per transaction), tiered subscriptions from a free tier up to AED 899 per month, and revenue from facilitating cash advances. Regulated activity is delivered through a partnership with Botim Money, a CBUAE-licensed entity, while Shari'ah-compliant credit is offered in partnership with Mamun, allowing Omnispay to extend into compliance-constrained customer segments without holding its own full banking license.
omnispay firmographics
Firmographics- Name
- omnispay
- Legal name
- omnispay Payment Services LLC
- Website
- https://omnispay.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Omnispay is a Dubai-based digital finance platform founded in 2023 that provides UAE and GCC SMEs with integrated payment collection, supplier payouts, working capital, and AI-driven cashflow analytics through a single compliance-enabled stack.
- Ownership category
- akta.pro rank
omnispay industry classification
Industry- Product category
- SME Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- POS-to-Online Unified Payments (Omnichannel Payments) (CRAFALAL)
- akta.pro secondary industries
- Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods) (FSAMACAE), Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ), EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG)
Keywords
Where omnispay is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
omnispay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales
Revenue model
- Transaction Fees: Per-transaction fees charged on successful card payments. Domestic Visa/Mastercard at 2.59% + AED 1, international at 2.99% + AED 1. Power Plan offers reduced rates of 2.49% domestic, 2.85% international. Additional fees for Amex (3.5% + AED 1.5), Samsung Pay/Apple Pay (3.5% + AED 1.5), Tabby (AED 6.5% + AED 1.50), Tamara (AED 6% + AED 1.50).
- Subscription Plans: Three-tier subscription model: Starter (Free), Advanced (AED 49/month), Ultimate (AED 99/month). Additional SME plan at AED 499/month and Ultimate E-commerce at AED 899/month. Plans include access to increasingly advanced features including payment gateway, APIs, and plugins.
- Cash Advance Facilitation: Facilitates working capital/cash advances for eligible SMEs in partnership with regulated financial institutions. omnispay acts as facilitator; financing extended by partner institutions. Revenue likely shared through referral or facilitation fees.
- Speed Plan / Settlement Acceleration: Same-day or accelerated settlement options available on Advanced plan tier. T+1 weekday settlement vs standard 24-48 hour settlement. Different pricing tiers (Speed Plan vs Power Plan) provide premium settlement options.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free tier for basic payment acceptance with essential features |
| Subscription | Monthly | AED 49/month - High growth businesses with advanced tools |
| Subscription | Monthly | AED 99/month - E-commerce businesses with website integration |
| Subscription | Monthly | AED 499/month - High growth SMEs |
| Subscription | Monthly | AED 899/month - E-commerce focused businesses |
| Transaction based/ take rate | Pay-as-you-go | Transaction-based pricing for domestic and international card payments |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels7 records
omnispay product offering
Product offeringCore offering
omnispay is an all-in-one SME payments platform that combines three integrated product pillars: Collect (payment links, product pages, storefronts, smart QR, bulk links, and e-commerce integration for accepting customer payments), Pay (credit-card-based supplier payments with cashback/rewards via Smart Spend), and Borrow (Sharia-compliant, collateral-free cash advances of up to AED 50,000 with 3-12 month repayment terms). The platform delivers 24-hour settlement to UAE bank accounts, supports card and BNPL acceptance, and is offered to UAE SMEs under freemium and tiered subscription plans (AED 49 to AED 899 per month).
Product overview
Omnispay is an all-in-one payments platform for growing SMEs in the Middle East and Africa, operating a unified platform-plus-modules architecture. The core platform encompasses three integrated product pillars: Collect (payment collection solutions including Payment Links, Product Pages, Storefront, Smart QR, Bulk Links, and E-commerce Integration), Pay (supplier payment solutions including Supplier Payments and Smart Spend for expense rewards), and Borrow (Cash Advances for working capital). Additional modules include Pro Tools (advanced business management with Team Management, Branding, Invoicing, Analytics, Reports, and omnisAI for AI-powered forecasting) and infrastructure services including Botim Money merchant acquiring. Industry-specific solutions target Travel, Interior Design, Car Rental, and Professional Services sectors. The platform is Shari'ah-compliant and differentiates through 24-hour settlements (vs. industry-standard 5–7 days) and SME-friendly pricing with no subscription fees for basic access.
Differentiator
Problem solved
Functional benefit
Products and services
- Collect (Payment Collections) Core payment collection module enabling UAE SMEs to generate instant secure payment links shared via WhatsApp, email, or SMS; create dedicated branded product checkout pages; launch online storefronts without coding; generate dynamic or static smart QR codes; and send bulk payment links via CSV upload. Designed for small and medium businesses seeking a single self-serve payment acceptance tool with 24-hour settlement and e-commerce integrations.
- Pay (Supplier Payments) Supplier payment module allowing SMEs to pay vendors and suppliers using credit cards even when suppliers do not accept card payments directly. Provides up to 45 days of credit extension on each supplier payment, automated reconciliation, and rewards/cashback earning via the embedded Smart Spend feature. Designed for UAE SMEs managing vendor payouts and seeking to extend working capital cycles while earning on business expenses.
- Borrow (Cash Advances) Working capital access product providing UAE SMEs with instant cash advances of up to AED 50,000 per transaction, collateral-free and Sharia-compliant, with flexible 3-12 month repayment terms and quick 24-72 hour turnaround. Funding is facilitated through regulated financial partners, and omnispay acts as the facilitator on behalf of eligible SMEs seeking short-term working capital.
Quantifiable outcome
- 24-hour settlement (vs 5-7 days industry standard)
- +8 more outcomes
Companies that use omnispay
Customer profileNamed customers11 records
Segments6 records
Ideal customer profiles3 records
omnispay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability2 records
Feature8 records
omnispay partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Botim MoneycoreStrategic partnership where Botim Money (licensed by Central Bank of UAE) provides merchant acquiring services for eligible omnispay transactions including payment authorisation, transaction routing, settlement and reconciliation. Omnispay continues managing merchant relationships and business tools. Partnership is active for eligible SME and enterprise customers in the UAE.
- MamuncorePartnership with Oman-based Sharia-compliant trade finance and embedded credit infrastructure platform. Combines omnispay's secure payment solutions with Mamun's innovative credit expertise to unlock responsible merchant credit and enhance financial accessibility for SMEs in the UAE.
- DIFC Innovation HubminorSelected for DIFC Innovation Hub's Fintech Accelerator Programme 2023. One of 20 startups chosen from 703 applicants to participate in the prestigious accelerator.
- mPHATEKminorPartner entity. Prasad Sathe, Co-founder & CEO of mPHATEK, listed as a Partner of omnispay. mPHATEK is a tech company with 500+ strong team and global expansion track record.
Scale indicators13 records
Recent moves6 records
Expansion highlights5 records
omnispay competitors and assessment
Company assessmentDirect peers
- Telr: UAE-based payment gateway offering online card acceptance, plugins and developer APIs for SMEs and enterprises. Direct overlap with omnispay on UAE SME merchant acquiring, e-commerce plugins and multi-payment-method acceptance.
- Tap Payments: Kuwait-headquartered payment gateway operating across the GCC with online checkout, payment links and developer APIs targeting SMEs. Competes head-on with omnispay's Collect, Pay and e-commerce integration value proposition in the GCC.
- PayTabs: MENA-based payment gateway providing online and in-store card acceptance, payment links and developer tools for SMEs across the GCC. Closely comparable to omnispay on omnichannel merchant acceptance and regional SME focus.
- Geidea: UAE- and Saudi-based payment acceptance provider offering POS, online gateway and SME financing. Direct peer on UAE SME merchant acceptance and partner (omnispay uses Geidea for additional acceptance rails).
Broad incumbents
- Network International: Largest payment processor in the Middle East and Africa offering acquiring, processing and a full suite of merchant services. Competes with omnispay in UAE card acceptance while also serving large enterprise and bank clients.
- Checkout.com: Global payment processor with significant GCC presence offering gateway, acquiring and APMs. Overlaps with omnispay on UAE merchant acceptance and e-commerce plugin distribution while serving a much larger global merchant base.
- Stripe: Global online payments platform with growing GCC footprint, offering payment gateway, payment links, developer APIs and embedded finance products. Competes with omnispay for UAE e-commerce and SaaS merchants.
Regional players
- PayMob: Egypt-headquartered MENA payment gateway serving SMEs and enterprises with online, mobile and in-store acceptance. Comparable to omnispay on emerging-market SME focus and developer-first APIs, but with primary strength in North Africa rather than the GCC.
Emerging players
- Yoco: South African SMB payments and working capital platform offering card acceptance, payment links and business finance. Comparable business model to omnispay (Collect + Pay + Borrow for SMEs) but operating in a different geography (sub-Saharan Africa).
Others
- Mamun: Oman-based Sharia-compliant trade finance and embedded credit infrastructure platform. Already a partner of omnispay for merchant credit, it is an ecosystem peer in GCC SME Sharia-compliant lending rather than a direct payment-collection competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
omnispay social profiles
Digital presenceomnispay financial estimates
Financial estimateRevenue estimate
Valuation estimate
omnispay leadership team
Management profileNumber of profiles
Profiles5 records
omnispay funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
omnispay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about omnispay
What does omnispay do?
omnispay is an all-in-one SME payments platform that combines three integrated product pillars: Collect (payment links, product pages, storefronts, smart QR, bulk links, and e-commerce integration for accepting customer payments), Pay (credit-card-based supplier payments with cashback/rewards via Smart Spend), and Borrow (Sharia-compliant, collateral-free cash advances of up to AED 50,000 with 3-12 month repayment terms). The platform delivers 24-hour settlement to UAE bank accounts, supports card and BNPL acceptance, and is offered to UAE SMEs under freemium and tiered subscription plans (AED 49 to AED 899 per month).
Is omnispay a public or private company?
omnispay is a private company. It is classified as venture growth investor backed and is currently operating.
When was omnispay founded?
omnispay was founded in 2023. It employs 11 to 50 people.
Where is omnispay based?
omnispay is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does omnispay make money?
Four revenue lines are on record. Transaction Fees are the primary driver. The others are subscription Plans, cash Advance Facilitation and speed Plan / Settlement Acceleration.
Who are omnispay's main competitors?
Direct peers on record are Telr, Tap Payments, PayTabs and Geidea. Broad incumbents are Network International, Checkout.com and Stripe. PayMob is listed as a regional player. Yoco is listed as an emerging player. Mamun is listed as an others.
Does omnispay have an API?
Yes. Omnispay offers a public API enabling developers to create payment links, process transactions, retrieve transaction history, handle webhooks, and access settlement reports. The API supports payment creation with customer details, amount, notes, expiry dates, invoice IDs, and callback URLs. Webhook events deliver transaction updates including invoice number, order ID, amount, bank reference, and status. Sandbox/test environment and test card documentation available. Developer documentation is at docs.omnispay.com/quickstart.
What industry is omnispay in?
omnispay's product category is SME Payment Processing. Its primary akta.pro industry code is CRAFALAL, POS-to-Online Unified Payments (Omnichannel Payments), with a secondary code of FSAMACAE, Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods). Its NAICS code is 522320 and its SIC code is 6199.