# HyperPay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hyperpay

- Industry: Software
- Headquarters: Riyadh, Saudi Arabia
- Website: www.hyperpay.com
- Total disclosed funding: $1.6M
- Latest round: Series A (Jun 1, 2016)
- Investors on record: 1

## About

HyperPay Inc. is a payment solutions provider that specializes in facilitating seamless transactions across various digital platforms, primarily serving businesses in the MENA region.Founded in 2010 in Riyadh, Saudi Arabia, HyperPay Inc. is a payment solutions company that provides services enabling businesses to accept various payment methods. The company has completed five deals to date, with its most recent funding round occurring on May 25, 2022, when it raised SAR 138 million led by MasterCard Investment, alongside AB Ventures and Amwal Capital Partners. The CEO and Founder, Muhannad Ebwini, guides the company as it continues to expand its reach and capabilities.HyperPay offers a comprehensive suite of payment solutions designed to facilitate seamless transactions across various digital platforms. Their core offerings include payment processing services, which enable businesses to accept a wide range of payment methods, including credit cards, debit cards, and local payment solutions. The platform is tailored to support e-commerce businesses, mobile applications, and traditional retail environments, addressing the need for secure and efficient payment processing. HyperPay targets a diverse client base, including retailers, service providers, and online merchants primarily operating in the Middle East and North Africa (MENA) region. By equipping businesses with advanced payment solutions, HyperPay aims to enhance the customer experience and streamline financial operations, thereby driving growth for its clients.HyperPay's revenue model is primarily driven by transaction-based fees associated with its payment processing services. Businesses utilizing their platform engage in regular transactions, where a percentage fee is collected for each payment processed. This structure ensures a steady revenue stream as clients conduct multiple transactions daily. HyperPay serves a variety of sectors, facilitating B2B and B2C transactions through its technology. Specific pricing plans are tailored to different service levels and transaction volumes, reflecting the company's commitment to accommodating the unique needs of its diverse clientele. Flagship services are integral to their revenue generation, as they cater to both emerging startups and established enterprises looking for reliable payment solutions.In May 2022, HyperPay Inc. raised SAR 138 million in venture funding led by MasterCard Investment, with participation from Amwal Capital Partners and AB Ventures. The company plans to utilize this funding to enhance product capabilities and identify new technologies, grow its tech team, and support regional expansion into Egypt, Qatar, and Oman.

## Funding rounds

- Series A, Jun 1, 2016, $1M — Middle East Venture Partners
- Series A, Jun 1, 2014, $0.3M — Middle East Venture Partners
- Seed, Jun 1, 2013, $0.3M — Middle East Venture Partners

## Investors

- Middle East Venture Partners (https://capitalatlas.ai/funds/middle-east-venture-partners) — Seed, Series A