📰 HyperPay, the largest payment services provider in the MENA region, has acquired Saudi fintech start-up Sanad Cash to expand its product offerings and become an “all-in-one” digital platform.
Facts
- HyperPay, founded in 2010 and launched in 2014, is the leading payment services provider in the Middle East and North Africa (MENA) region.
- Sanad Cash, founded in 2021, offers a spend management platform for corporates to streamline and automate their expense management processes.
- HyperPay’s offerings include mobile payments, e-commerce solutions, and prepaid cards, serving over 5,000 merchants in seven countries.
- HyperPay’s acquisition of Sanad Cash is aimed at integrating its solutions and offering them as a white-label service for other fintech firms.
- The acquisition aligns with HyperPay’s vision of providing a complete range of digital payment solutions, covering issuing and acquiring services.
- By leveraging Sanad Cash’s expertise in expense management, HyperPay aims to enhance its tools and services, simplifying financial operations for businesses of all sizes.
