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# Saudi Arabia-based fintech startup HyperPay raises $36.7 million
- URL: https://www.techloy.com/saudi-arabia-based-fintech-startup-hyperpay-raises-36-7-million/
- Published: 2022-06-01T21:04:12.000Z
- Updated: 2022-12-08T01:05:01.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Saudi Arabia

[HyperPay,](https://www.hyperpay.com/) a Saudi Arabia-based fintech firm has raised $36.7 million in its new funding round led by Mastercard. 

- The funds will be used to improve its tech team, build out new products, and support its expansion into Egypt, Qatar, and Oman.
- HyperPay offers enterprises payment processing services including risk and fraud management, monitoring system, instalments, and invoicing system.
- Amwal Capital Capital Partners and AB Ventures participated in the funding round.