1.Fintech Innovation Hub (FIH) \Central Bank of Oman Fintech Accelerator Program
The Fintech Innovation Hub is a dedicated space designed to support the development and growth of Financial Technology (Fintech) Innovations. The hub provides resources, mentorship, networking opportunities, and often regulatory support to startups, entrepreneurs, and established companies working on fintech solutions. The primary goal of a Fintech Innovation Hub is to foster innovation in the financial sector by providing an environment where new ideas can be developed, tested, and brought to the market.
Fintech Innovation Hub (FIH)
Mentor Support Advice
Physical space Collaboration
Accelerator (opportunities for growth)
Enable partnership (innovators, authorities, established companies)
In 2022 Central Bank of Oman and OmanTel have joined hands to deliver a six-month Accelerator Program dedicated to nurturing and empowering Fintech start-ups in the Sultanate of Oman.
The FinTech Accelerator program targeted promising local startups with high potential through technologies that support digital lending solutions that will accelerate the growth of Oman's financial sector.
Fintech Startups had graduated from the acceleration program:
Tasheel provides facilitation services and provides cash liquidity to customers by buying now and paying later, provided that payment is 30 days after purchase and without interest.
Wadia is a crowdfunding platform based on the sale of a share of startup shares and peer-to-peer lending to SMEs.
Shariah-compliant financial technology offers innovative solutions for financing products for SMEs, and retail financing using financial technology solutions.
Zumr is an Omani fintech startup that uses smart algorithms to develop traditional savings circuits (Jameiat).
This year CBO participated in National Bank of Oman (NBO) Fintech Acceleration the was conducted in September 2024, to bring Oman’s fintech innovators under one umbrella to showcase their innovative digital solutions. CBO’s participation was in the panel to evaluate fintech startups and provide regulatory guidance to the applicants.
2025: the announcement for new cohort will be coming soon ….
2.Fintech Regulatory Sandbox
Fintech Regulatory Sandbox page