Vodafone Qatar acquires Maktapp via Infinity Fintech Ventures to expand SME fintech services, integrating payments, invoicing and business tools into its digital ecosystem.
Vodafone Qatar has completed the acquisition of Maktapp, a Qatar based cloud business software and fintech platform, in a move that deepens the telecom operator’s expansion into SME focused financial services. The deal was executed through its subsidiary Infinity Fintech Ventures, with financial terms not disclosed.
The transaction brings Maktapp’s suite of business management and fintech tools into Vodafone Qatar’s broader digital ecosystem, as the company continues to evolve beyond traditional connectivity offerings. Founded in 2014, Maktapp provides a cloud platform tailored for small and medium sized businesses across the Middle East, combining operational software with financial workflows.
The company was founded by Saleh Al Mansouri and Waleed Alyafei, building from incubation within Qatar Science and Technology Park into a locally scaled platform. Its flagship fintech product, Fatora, launched in 2018, enables SMEs to manage invoicing, payments, and financial processes through a unified interface, addressing a fragmented payments and accounting landscape in the region.
Vodafone Qatar’s acquisition aligns with a broader strategy to integrate connectivity, fintech, and enterprise software into a single offering. The company has already introduced services such as iPay, a Qatar Central Bank licensed e wallet, and is positioning itself as a digital services provider for businesses as well as consumers.
Maktapp had previously secured backing from institutions including Qatar Development Bank, Qatar FinTech Hub, and 500 Global, reflecting institutional support for SME digitization across the region.
The move reflects a wider shift across telecom operators globally and in the Middle East, where companies are expanding into fintech infrastructure and enterprise solutions to diversify revenue streams. Similar strategies have been seen with regional platforms integrating payments and operational tools, as SME digitization accelerates across MENA.
Data from Vodafone Qatar’s recent financial disclosures show the company reporting quarterly revenue growth and serving approximately two million mobile customers, providing a base for cross selling digital financial services.
The acquisition also highlights a maturing startup exit environment in Qatar, where companies developed within local innovation ecosystems are reaching acquisition stage. Maktapp’s progression from incubation to acquisition mirrors broader regional trends, where fintech and SaaS platforms targeting SMEs are increasingly becoming consolidation targets for larger incumbents.
