HyperPay provides online payments solutions across the MENA region, operating from Saudi Arabia. The company offers payment processing and related services to businesses and government entities, helping move commerce away from cash. HyperPay currently services more than 2,000 merchants across seven countries. The recent strategic investment from Mastercard includes an arrangement to enable new services that combine HyperPay and Mastercard capabilities. Proceeds from the $40 million round will be used to develop innovative cashless-payment solutions, accelerate growth beyond payments, and expand geographically. HyperPay has positioned itself as one of the region’s leading and fastest-growing online payments solutions providers. HyperPay is a payment service provider founded in 2014 that processes millions of transactions every year for thousands of merchants selling goods and services online across the MENA region. The company has enabled more than 1,000 internet businesses across almost every industry since its launch. HyperPay offers payment processing solutions and a suite of merchant services to internet businesses. The recent funding will be used to invest in infrastructure in Saudi Arabia, to grow its product suite, and to accelerate expansion across Egypt and the wider GCC. The company reports significant transaction volume and a large merchant base as primary operating metrics. Muhannad Ebwini is the company's founder and CEO.

Total raised

$37M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2022