Swiss-based Instimatch Global is expanding to Qatar by partnering with a weighty domestic institution as well as local partners, the company said in an emailed statement on Wednesday. The local partner wasn't disclosed, though Instimatch said Sheikh Fahad Al-Thani – a member of the ruling al-Thani family of Qatar – is one of the local partners. 

«The Middle East has been a focus of ours for some time, as a region where we see significant potential,» CEO Daniel Sandmeier said. Instimatch has already won Gulf Bank in Kuwait among initial clients.

Founded by Hugh Macmillen in 2017, the Zurich-based firm is looking to digitalize institutional money market transactions. It hired Sandmeier two years ago in a growth bid. The platform is currently home to 80 financial firms from 14 countries.