Muscat: According to data released by the Financial Services Authority (FSA), licensed platforms financed 43 projects worth RO 2.28 million during the second quarter of 2025, an 81 percent increase compared to the same period in 2024, when 23 projects valued at RO 1.26 million were supported.

Since the launch of the first licensed crowdfunding platform in 2022, total financing through these platforms has reached approximately RO 14.9 million by mid-2025. With seven active platforms now operating in the market, entrepreneurs and investors are gaining access to a broader, more diverse funding ecosystem that sits outside traditional banking systems.

The FSA highlighted that this expansion supports economic diversification goals and strengthens Oman’s entrepreneurial environment by channeling capital into innovative ventures. The Authority has also reinforced its commitment to safeguarding investors, introducing strict regulatory controls such as due diligence requirements, disclosure verification, adherence to investment limits, and compliance with anti-money laundering standards. Alongside, it continues to roll out awareness and education programs to foster market transparency and trust.

Regulation of the sector began in early 2021 with the introduction of a legislative and regulatory framework to ensure safe and reliable operations. The launch of the first licensed crowdfunding platform in 2022 paved the way for a wave of new entrants, helping create a secure digital environment that empowers small and medium enterprises while offering investors fresh opportunities to grow their savings.