8. HyperPay

Date of Establishment: 2014
Headquarters: Saudi Arabia
Description: Payment gateway
Founder: Muhannad Ebwini

HyperPay offers ecommerce payment services to merchants, including e-payment gateways, invoicing services, pay-out solutions, and reporting and analytics. It has a presence in Saudi Arabia, the U.A.E., Jordan, Egypt, Iraq, and Lebanon and facilitated transactions of $7 billion between merchants and companies in 2022, up from $4.7 billion in 2021. Its clients include Absher, Jarir, Bcare, and Tameeni, along with banks such as Al Rajhi Bank, FAB, and SABB. In January 2023, it signed a cooperation agreement with Arab Bank to provide e-payment services to the bank’s customers in Jordan. Today, HyperPay has 5,000 active users.