HyperPay, the leading payment processing company in MENA, closes an investment round led by Mad'a investment company

Founded in 2014, HyperPay has been processing millions of transactions every year for thousands of merchants selling goods and services online.

  

RIYADH, Saudi Arabia,/PRNewswire/  HyperPay, an award-winning payment service provider in the MENA region, announced today the closing of an 8-digit investment round, led by Mad'a Investment Company, with participation from Saudi Venture Capital Company (SVC), iNet, MEVP, and other investors. The round also included successful exits for investors who participated in early-stage funding.

Founded in 2014, HyperPay has been processing millions of transactions every year for thousands of merchants selling goods and services online.

This latest round of funding will be used in three key areas, which are investing in infrastructure in Saudi Arabia, growing a suite of products, and accelerating expansion across Egypt and the GCC.

The Saudi-headquartered company offers world-class payment solutions to local and global businesses in the region, contributing to the Kingdom's Vision 2030 by moving towards a cashless society and boosting digital transactions and e-commerce.

Muhannad Ebwini founder and CEO of HyperPay, said: "We have been fortunate to have some of the Kingdom's leading investors believe in HyperPay's potential. We are looking forward to the upcoming year as it will hold new and exciting projects, and closing this round will support in actualizing our objectives for 2020."

Abdullah Abdulaziz AlOthaim founder and CEO of Mad'a Investment, said: "After keeping a close eye on HyperPay's activities in recent years, we were impressed by the company's noticeable growth in Saudi Arabia and its aim to empower the regional ecommerce space by helping move towards a more integrated financial ecosystem which is in line with the Vision 2030. We are delighted to partner with Muhannad and his team as they continue to offer businesses a global standard in digital payments.

-Ends-

About HyperPay:

HyperPay is the fastest growing Saudi based payment service provider, enhancing the online buying experience in the MENA region. Since its launch in 2014, HyperPay has enabled more than 1,000 internet businesses, across almost every industry, to accept and manage payments online, with more flexibility, security and ease. Today, HyperPay continues to quickly expand its suite of products and services to meet the online payment needs of businesses, ranging from the smallest to the largest enterprises.

About Mad'a Investment Company: 

Mad'a Investment Company is a Private Equity firm headquartered in Riyadh, Saudi Arabia and a wholly owned subsidiary of Abdul Aziz Al Othaim & Sons Holding Company (ASO&SONS). We aim to assist businesses to reach their true potential by unlocking values which otherwise could not have been realized. We strive to create exceptional value to businesses through our team of investment and operating professionals working collaboratively with the management of our portfolio companies. We as a Saudi Company are committed to contributing to the Kingdom of Saudi Arabia and our Investment Strategy is aligned with the Vision 2030.

SOURCE HyperPay

CONTACT:  Dalia Abotteen, +962790218070

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases