THE MIDDLE EAST’S

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.