← Embedded Finance Index 2026

KARTY

“Can a QCB-licensed prepaid card and e-wallet app become the default spending and rewards platform for consumers in Qatar?”

Founded2021
HQDoha, Qatar
Total raised$3.4M
Latest roundSeed Round, January 2024
IndustryFintech / Consumer banking
The story

Founded in 2021 as a Qatar-based fintech under the Qatar Financial Centre, KARTY set out to build a lifestyle-oriented consumer payments app for residents in Qatar. The company obtained a Qatar Central Bank Payment Service Provider licence and partnered with Al Rayyan Bank and Visa to issue prepaid Visa Platinum cards — both physical and virtual. After several pre-seed and seed funding rounds totalling ~$3.4M, the product entered public waitlist phase by 2026, positioning itself as a spending-analytics and rewards platform rather than a pure neobank, differentiating through KPoints loyalty, subscription management, and PCI-DSS 4.0 compliance.

Last 12 months
2026-05
Product timeline
2021
KARTY LLC incorporated under Qatar Financial Centre and began development of a consumer payments and e-wallet app for the Qatari market.· banking
2022
Raised Pre-Seed round of $1.2M from 3 investors to fund product development.· banking
2024
Raised $2.0M Seed round and advanced toward product launch with a waitlist model; partnered with Al Rayyan Bank and Visa for card issuance.· card
2026
App launched (or soft-launched via waitlist), offering Visa virtual and physical prepaid cards, e-wallet, spending analytics, budgeting, subscription manager, bill splitting, and KPoints rewards.· banking
Regulated entities
2
regulatory licences held by KARTY
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in KARTY’s embedded-finance stack
Banking / BaaS
Al Rayyan Bank
Card network
in the full report
Sponsor bank
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.