THE MIDDLE EAST'S

TOP 25 FINTECH
COMPANIES 2022

7. HyperPay

Date of Establishment: 2015
Headquarters: Saudi Arabia
Description: Payment gateway
Founders: Muhannad Ebwini

HyperPay offers ecommerce payment services and is launching new products such as merchant cash advance, B2B solutions, card issuing, and open banking for merchants and governments. The company processed 112 million transactions worth a combined $4.7 billion in 2021. In June 2022, the Riyadh-based company raised $36.7 million in a funding round led by Mastercard to support regional expansion into Egypt, Qatar, and Oman. The company has seven regional offices and employs 100 people.