HyperPay targets Saudi expansion with IPO in two years

HyperPay targets Saudi expansion with IPO in two years

HyperPay is going public through an initial public offering (IPO) in Saudi Arabia within the next two years as part of its expansion plan in the country’s fintech market. Recently, the company raised SAR 138 million in a funding round led by Mastercard that served as the beginning of a strategic business partnership that will support the company's efforts to grow regionally and expand its product offerings. The new funding will further assist in the growth of the company and its IPO, as well as its expansion into Egypt, Bahrain, Iraq, and Oman.

The company intends to offer a broad spectrum of financial services and products beyond payment services as part of this expansion. It is striving to establish the MENA region as a leading cashless ecosystem that caters to the requirements and interests of customers.