THE MIDDLE EAST’S

16. HyperPay
Description: B2B fintech company
Headquarters: Saudi Arabia
Date of Establishment: 2014
Founder: Muhannad Ebwini
HyperPay offers merchant solutions, including payment gateways, invoicing services, pay-out systems, and reporting and analytics. After obtaining an Electronic Money Institution license in 2024, it plans to launch new products like card-issuing services and has launched Hypertab (soft POS) and a B2C Hospitality Solution. Operating across Saudi Arabia, the U.A.E., Jordan, Qatar, Bahrain, Egypt, Iraq, and Lebanon, it serves over 17,000 merchants. Backed by Mastercard and Amwal Capital, HyperPay has raised over $60 million in funding to date.