Saudi Fintech HyperPay Raises $36.7 Million Led by Mastercard for MENA Expansion

Saudi fintech HyperPay has secured $36.7 million in a funding round led by Mastercard, with participation from Amwal Capital Partners and AB Ventures, marking a significant milestone for cross-border payment growth in the MENA region. This investment will accelerate HyperPay’s expansion into Egypt, Qatar, and Oman while enabling the company to broaden its offerings beyond payment processing to include a full suite of financial products for merchants and consumers. The funding supports HyperPay’s goal to grow its technology team, advance product research and development, and introduce new payment solutions quickly. As a top-five payment provider in the region, HyperPay’s growth underscores the shift toward cashless economies and positions the company for a potential IPO in Saudi Arabia within the next two years.