Page 13 - Hyperpay PR REPORT - APRIL 2024

Fintech 50

12. HyperPay

Description: Payment gateway

Headquarters: Saudi Arabia

Date of Establishment: 2014

Founder: Muhannad Ebwini

HyperPay provides payment and financial solutions to businesses, including payment
gateways, invoicing services, pay-out systems, and reporting and analytics. It serves over
10,000 merchants across Saudi Arabia, the U.A.E., Jordan, Egypt, Iraq, Lebanon, and Qatar.
The company has a network of merchants and banks, including Saudi Azm, EJAR, Huawei,
Tabby, Alinma Bank, alrajhi bank, and Riyad Bank. In 2023, HyperPay acquired Sanad Cash,
a spend management platform for businesses. It has secured over $60 million in funding
since its establishment.

https://www.forbesmiddleeast.com/lists/the-middle-easts-fintech-50/hyperpay/