Snoonu backs Qatar’s local businesses with QAR 5 million growth fund

Qatar's homegrown technology company, Snoonu, is bolstering its support for the local business ecosystem through a new initiative. The super-app is providing QAR 5 million in interest-free growth capital to eligible local merchants as part of the Tamkeen – Growth Fund for Local Merchant Partners. This program aims to assist a diverse range of businesses, including restaurants, cafés, retailers, and specialty stores, in expanding their operations, upgrading equipment, increasing inventory, and strengthening their teams.

Snoonu's CEO, Hamad Al-Hajri, emphasized the company's belief that its role extends beyond providing a platform, and it is about standing behind its partners to help them grow. The Merchant Growth Fund is designed to create lasting impact across the community by investing in the people and businesses that grow alongside Snoonu. The initiative assesses eligibility and funding allocations through a transparent scoring model based on partnership history with Snoonu, operational performance, and demonstrated business growth. Eligible merchants have until the end of October 2026 to apply through the Snoonu Merchant Portal.