Omantel
Ministry St, Al Khuwair, Ruwi, Muhafazat Masqat, 112, Oman
Overview
Omantel is Oman's first and leading integrated telecommunications services provider, enabling the digital society to flourish, allowing new ways of doing business while delivering a world of iformation and entertainment right to your fingertips. Together, they build a totally connected community through innovation.They join together families, business and communities across the most remote regions of Oman and globally.They focus on always delivering quality services. They apply professional principles in every aspect of their business and operations.
- Total investments
- 4
- Lead investments
- 2
- Investments · 12mo
- 2
- Active investors
- 6
Sector focus
- Communities
- CRM
- Information Technology
- Internet
- Internet of Things
- Telecommunications
Investment portfolio
- Shafra
Participated · Equity · Aug 2026
Shifra builds AI platforms that enable organizations to run independent virtual teams handling customer service, sales, project management and enterprise operations. The company reports that its solutions helped enterprises and government entities save over 2 million working hours per month during 2025. Founded in 2023 by Al-Harith Al-Attawi and Alfred Manasseh, Shifra recently raised more than $10 million from investors including Saudi Telecom Co. (stc), Omantel and undisclosed international technology investors. Following the funding, Shifra opened a regional headquarters in Azerbaijan to begin operations in the Caspian region as part of its regional expansion. The firm positions Azerbaijan as a strategic hub for growth into Caspian markets given local digital transformation and operating conditions conducive to deploying its AI systems.
- EdfaPay
Led · Series A · Jul 2026
Founded in 2022 by Ghormallah Alghamdi and Nedal Sabbah, EdfaPay develops SoftPOS technology that converts smartphones into payments terminals, eliminating the need for traditional hardware. The company targets small and medium-sized enterprises by offering a user-friendly, cost-effective payments acceptance solution. With the newly secured $5 million pre-Series A, EdfaPay plans to expand its footprint across the MENA region—emphasizing growth in Oman—while investing in product innovation and R&D. It also intends to form strategic partnerships with financial institutions and telecommunications providers and to scale its team through talent acquisition. The article does not disclose revenue, user metrics, or prior funding details.
- Nqoodlet
Participated · Seed · May 2025
Nqoodlet provides a fintech platform for SMEs offering smart corporate cards, real-time expense tracking, VAT automation, bookkeeping, and integrated financial services. The product is designed to reduce paperwork and operational friction so companies can focus on growth. The company serves over 600 SMEs across Saudi Arabia and the broader GCC region. Nqoodlet plans to expand its banking infrastructure, launch new financial tools, and grow its team across the GCC using the recently raised funds. The platform targets SME efficiency and cost savings through automation and consolidated financial workflows. Founders Mohamed Milyani and Yara Ghouth lead the company from Riyadh.
- Sampo AI
Led · Seed · Jan 2025
Sampo AI offers AI-based pricing solutions for online retailers, using machine learning to analyze user behavior, purchase patterns, and run A/B tests to optimize pricing strategies. The company was founded in July 2024 by Saif Al-Essai and Khalifa Manaa and is headquartered in Muscat, Oman. Sampo AI focuses on serving e-commerce platforms with tools to automate and improve pricing decisions. The startup plans to use recent funding to accelerate expansion into Saudi Arabia and the UAE and to enhance its AI-driven tools. Financially, Sampo AI completed a $750,000 pre-seed round in January 2025 to support product development and regional growth. No operating metrics (revenue/users) were disclosed in the article.