HyperPay

Active

A payment gateway and fintech platform offering online/offline payment processing, billing, payouts, fraud protection, and expense management for merchants across the MENA region.

Riyadh, Saudi ArabiaFounded 2014

Fintech

Series B

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HyperPay is a Riyadh-headquartered payment-processing company founded in 2014 by Muhannad Ebwini, serving over 10,000 merchants across Saudi Arabia, the UAE, Jordan, Egypt, Iraq, Lebanon, Qatar, Oman, and Bahrain. Licensed by the Saudi Central Bank (SAMA), it raised $36.7M led by Mastercard (with Amwal Capital Partners and AB Ventures) in mid-2022 to fund regional expansion and IPO preparation, and acquired spend-management platform Sanad Cash in 2023.

Founders

Muhannad Ebwini

Founder & CEO

Funding Rounds

Series BMay 2022

$36.7M

Lead: Mastercard

Investors: Mastercard, Amwal Capital Partners, AB Ventures

Investors: Mastercard, Amwal Capital Partners, AB Ventures.

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