HyperPay, the largest and fastest-growing payments services provider in the MENA region, has acquired Sanad Cash, the leading Saudi spend management fintech.
This strategic move aims to bolster HyperPay’s service offerings and solidify its standing as a comprehensive all-in-one digital solution across the MENA region.
Moreover, it represents a significant milestone in HyperPay’s mission to simplify and automate financial transactions for both individuals and corporations. The payments services provider will closely collaborate with Sanad Cash in the coming months to integrate their platforms and services.
By integrating Sanad Cash’s services into its suite of fintech solutions, the Riyadh-based HyperPay will offer an even more comprehensive range of services. Moreover, these services will be available as a white-label solution, enabling other fintech companies to seamlessly incorporate Sanad Cash’s expense management and issuing services into their own offerings.
Mr. Mahmoud Iswiad, founder & CEO of Sanad Cash said that “This strategic acquisition represents a tremendous opportunity for both Sanad Cash and HyperPay to combine our strengths, expertise, and resources. Our shared goal is to build a holistic and dynamic digital payment ecosystem that addresses the ever-changing demands of our users. Sanad Cash has earned acclaim and confidence for our cutting-edge and secure expense management solutions. We have continuously aimed to streamline financial procedures, enhance transparency, and optimize effectiveness for individuals and businesses alike. With the support and synergies offered by HyperPay, we are thrilled to propel our vision to new heights and transform it into a comprehensive digital payment hub.”
With a strong commitment to customer satisfaction and technological advancement, HyperPay strives to simplify the digital payment experience, enabling seamless transactions across various industries. The company currently serves more than 5,000 merchants in seven different countries and is one of the top-five payment providers in the MENA region that contributes to the emergence of cashless societies. It also provides companies, governments, and small and medium-based enterprises (SMEs) with cutting-edge technologies to assist them in transitioning from cash-based payments to an improved and seamless ecosystem.
Founded in 2021 by a group of top-tier technology entrepreneurs from the region, Sanad Cash provides corporates with a user-friendly platform to streamline and automate their expense management processes. The company’s expertise in this field will complement HyperPay’s existing offerings, which include mobile payments, eCommerce solutions, and prepaid cards.
