Omnispay, a fintech firm based in the UAE, has raised US$1.5 million in seed funding.

The funding round was led by Singapore’s Mercatus Capital Pte. Ltd., with additional contributions from regional and international investors.

Founded in 2022 by Simanta Das, Vimal Kumar, and Praveen Kiran, Omnispay develops a platform designed for small and medium enterprises (SMEs) to manage cash flow.

The platform offers features for collecting payments, making disbursements, and providing borrowing options.

It reportedly serves over 1,600 businesses.