“Can HyperPay become the dominant all-in-one financial operating system for businesses across the Arab world by layering spend management, payouts, and fraud protection on top of its payment gateway infrastructure?”
HyperPay was founded in 2010 and began processing online payments in 2014, quickly becoming one of the fastest-growing PSPs in the MENA region. The company evolved from a pure payment gateway into an all-in-one fintech platform offering payments, invoicing (HyperBill), payouts (HyperSplits), fraud protection (Protect), hospitality payments, tap-to-pay (HyperTap), and spend management with virtual and physical corporate cards. The $36.7M fundraise led by Mastercard validated HyperPay's regional ambitions, and its 2025 Saudi Central Bank license signals further expansion into broader financial services.
HyperPay processes payments through HyperPay (self-operated).
HyperPay's cards run on Visa and Mastercard.
The Embedded Finance Index 2026 maps 2 layers in HyperPay's stack: Payments / PSP (HyperPay (self-operated)); Card network (Visa and Mastercard).
HyperPay was founded by Muhannad Ebwini and is founded in 2010, headquartered in Riyadh, Saudi Arabia.
HyperPay has raised $51.2M in total (latest round: Series B (led by Mastercard), $36.7M).
Get a read on where your own stack stands against HyperPay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.