About HyperPay
HyperPay is a Financial Services company based in Riyadh (Saudi Arabia) founded in 2014 by Muhannad Ebwini. It operates as a payment solutions and financial services are provided to businesses. HyperPay has raised $36.7 million across 2 funding rounds from investors including Mastercard, Amwal Capital Partners and AB Ventures. HyperPay has completed 1 acquisition, including Sanad Cash. Its chief executive is Muhannad Ebwini. Its website hyperpay.com draws about 131 thousand monthly visits. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include Flutterwave, PayU, Network International, CyberSource and Wirecard and 3 more; 3 of its 8 listed competitors have raised funding.
Company details
HyperPay was founded in 2014 in Riyadh, Saudi Arabia, and operates within the fintech sector. Payment solutions, including international payments, checkout processes, bill payments, and payouts, are offered to businesses. Additional features encompass transaction analytics and multi-currency options. The company supports various financial operations across regional markets.
- Headquarters Riyadh, Saudi Arabia
- Founders Muhannad Ebwini
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website hyperpay.com
- Social LinkedIn X Facebook
- Total Equity Funding$36.7M (USD)
in 2 rounds
- Latest Funding Round$36.7M (USD), Series B
May 2022
- InvestorsMastercard
& 6 more
- Investments & Acquisitions
Funding Insights of HyperPay
HyperPay has successfully raised a total of $36.7M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $36.7 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $36.7M
- Total Rounds 2
- Last Round Series B — $36.7M
- Investors Count 7
All 2 funding rounds of HyperPay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $36.7M | Series B | – | Mastercard | |
| Dec 2019 | – | Series A | – | Mad'a Investment |
7 investors in total: 7 institutional.
Investors in HyperPay
HyperPay has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Mastercard, Amwal Capital Partners and AB Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage fintech startups by AB Ventures. | – | abventures.vc | - | |
Private equity firm investing in multiple sectors | – | minvest.sa | Riyadh, Saudi Arabia | |
Funding solutions are offered by SVC to startups and entrepreneurs. | – | svc.com.sa | Riyadh, Saudi Arabia | |
Venture capital firm focused on early and growth-stage investments | – | mevp.com | Beirut, Lebanon | |
Global payments are processed via card network connections. | 1966 | mastercard.com | Purchase, United States | |
Operates as an investment management firm for asset growth and advisory. | 2014 | amwalcp.com | Dubai, United Arab Emirates | |
- | – | inet.net.sa | - |
Investor details for HyperPay
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People of HyperPay
7 people are tracked at HyperPay (1 in leadership, 6 in board & advisors).
| Name | Role | Group |
|---|---|---|
Muhannad Ebwini | Founder & CEO | Leadership |
Abdullah Al Othaim | Board Member | Board & advisors |
Abdulaziz Al Tamami | Board Member | Board & advisors |
Imad Chukrallah | Board Member | Board & advisors |
Abdulrahman Bin Mutirb | Board Member | Board & advisors |
Imad Ayoub | Board Member | Board & advisors |
Abdulrahman Abdulaziz Al Ali | Board Member | Board & advisors |
Complete people profiles for HyperPay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Investments & Acquisitions by HyperPay
HyperPay has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sanad Cash.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of employee benefit services | sanadcash.com | United States | 2020 | Jul 2023 | •••• |
Complete acquisition details for HyperPay
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- Complete history
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Timeline of HyperPay
4 dated milestones of HyperPay across 9 years, from founding to its latest funding, stage changes and deals.
- Founded HyperPay is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $36.7M.
- Acquisition Acquires Sanad Cash.
Competitors of HyperPay
HyperPay has 8 listed competitors in our database, 3 of them funded. They include Flutterwave, PayU, Network International, CyberSource and Wirecard, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | – | Provider of payment processing solutions for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| network.ae | 1994 | Dubai, United Arab Emirates | $539M | 1,781 | Network International is recognized as a leading digital payment provider in the Middle East and Africa. | |
| cybersource.com | 1994 | Foster, United States | – | – | Global e-commerce payment processing and security services are managed. | |
| wirecard.com | 1999 | Aschheim, Germany | – | 4,989 | Payment processing solutions are provided for businesses and merchants. | |
| equiniti.com | 2002 | Lancing, United Kingdom | – | – | Financial technology and payment processing solutions are provided by Equiniti. | |
| unionpayintl.com | 2012 | Shanghai, China | – | – | Mobile and online payment solutions are provided for banks. | |
| kashier.io | 2017 | Giza, Egypt | – | – | Online payment solutions are provided for businesses via various methods. |
Detailed competitors of HyperPay
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- Full competitor set
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Web traffic of HyperPay
The website of HyperPay (hyperpay.com) receives about 131.2K visits a month.
- Monthly visits131.2K
Websites whose visitors overlap most with HyperPay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nop-station.com | 100% | – | #1,651,677 | View details | |
| tap.company | 92% | 1.6M | – | View details | |
| telr.com | 92% | 278.7K | #150,629 | View details | |
| tryoto.com | 91% | 158.6K | #191,705 | View details | |
paymob.sa | paymob.sa | 90% | – | #1,823,282 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for HyperPay
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 13 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as HyperPay (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Hyperpay
Complete news archive for HyperPay
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Frequently Asked Questions about HyperPay
HyperPay was founded in 2014 and raised its 1st funding round 5 years after it was founded.
HyperPay is headquartered in Riyadh, Saudi Arabia.
Muhannad Ebwini is the current CEO of HyperPay. They have also founded this company.
HyperPay is a funded company, having raised a total of $36.7M across 2 funding rounds to date.
HyperPay was founded in 2014 in Riyadh, Saudi Arabia, and operates within the fintech sector. Payment solutions, including international payments, checkout processes, bill payments, and payouts, are offered to businesses. Additional features encompass transaction analytics and multi-currency options. The company supports various financial operations across regional markets.
HyperPay's top competitors include PayU, Flutterwave and Network International.
HyperPay has made 1 acquisition, including Sanad Cash.
HyperPay has 7 investors. Key investors include Mastercard, Amwal Capital Partners, AB Ventures, Mad'a Investment, and SVC.
The website of HyperPay receives about 131 thousand visits a month.