Vodafone Qatar acquires Maktapp to expand into SME fintech

• Vodafone Qatar has acquired Maktapp through its subsidiary Infinity Fintech Ventures.
• The deal strengthens Vodafone’s push into fintech and SME-focused business software, beyond traditional telecom services.
• Founded in 2014 by Saleh Al-Mansouri, Maktapp offers a cloud-based platform for business operations tailored to the Middle East. Its fintech arm, Fatora, provides payments and invoicing solutions for SMEs.
• Maktapp has been backed by institutions including Qatar Development Bank, Qatar FinTech Hub, and 500 Global.
• Vodafone Qatar has been expanding its fintech footprint, including launching iPay, a licensed e-wallet.
• The acquisition brings payments, invoicing, and operational tools closer into Vodafone’s integrated digital offering.

Press release:

Vodafone Qatar has announced the acquisition of Maktapp LLC through its subsidiary Infinity Fintech Ventures, marking a continued expansion beyond telecom into financial and operational services for businesses. Financial terms of the deal were not disclosed.

Founded in 2014, Maktapp provides a cloud-based platform designed to help SMEs manage payments, invoicing, and daily business operations. Its fintech arm, Fatora, focuses on simplifying payment collection and financial workflows for businesses across the region.

The acquisition aligns with Vodafone Qatar’s broader strategy to build an integrated digital ecosystem. By combining connectivity, fintech, and business software, the company is positioning itself as a more comprehensive service provider for SMEs. The move also reflects a broader regional trend, where telecom operators are expanding into financial infrastructure and enterprise solutions.