Muscat, Oman – The Financial Services Authority (FSA), regulator of Oman’s capital market and insurance sector, has revealed that crowdfunding platforms in the Sultanate of Oman have collectively raised approximately OMR 14.9 million since this non-bank financing channel was introduced in 2022. This achievement reflects not only the appetite of start-ups for alternative financing but also the confidence of investors in these digital platforms as credible and regulated channels for capital raising.

During the second quarter of 2025, statistics show that 43 projects were financed through crowdfunding platforms, with total funding amounting to OMR 2.28 million, an 81% increase compared with the same period in 2024.

The growth reflects the increasing role of crowdfunding in supporting start-ups and small and medium enterprises (SMEs) in the Sultanate of Oman.

This represents a strong signal of growth for the platforms, as the second quarter of 2024 recorded only 23 projects with total funding of OMR 1.26 million. Year-on-year, the results underline the growing appeal of crowdfunding as a financing tool, with nearly 87% growth in the number of projects and an 81% increase in overall funding value, reflecting stronger investor participation and greater confidence in these platforms.

The steady rise in volumes highlights the strong momentum of the sector and the increasing willingness of both entrepreneurs and investors to embrace crowdfunding as a viable complement to traditional financing options.

According to the FSA, seven licensed platforms now operate in the Sultanate of Oman, Rawafid, Ithbar, Tamalak, Beehive, Ethis, Wadiaa and Mamun, providing a more diversified ecosystem for entrepreneurs and investors alike. With this expansion, the sector is poised to play a larger role in financing economic diversification and nurturing Oman’s entrepreneurial landscape.

The FSA regulates crowdfunding platforms in the Sultanate of Oman. Beyond licensing, the Authority ensures investor protection and market transparency by imposing strict obligations on operators. Notably, Article (19) of Decision No. E/153/2021, Rules for Crowdfunding Platforms, requires operators to exercise due diligence, verify disclosures, uphold investor limits and maintain compliance with anti-money laundering standards, while also carrying out continuous awareness and education programmes.

Crowdfunding platforms in the Sultanate of Oman continue to show steady growth, reflecting their rising importance as alternative financing channels for SMEs and entrepreneurs. The latest figures represent significant progress, underlining stronger investor participation and the effectiveness of the FSA’s regulatory framework in fostering a transparent, innovative and resilient financing environment.