HyperPay Acquires Sanad Cash
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.
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HyperPay, the largest and fastest-growing payments services provider in the MENA region, has announced the acquisition of 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. Furthermore, 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.
Muhannad Ebwini, Founder & CEO of HyperPay, said: “We are thrilled to welcome Sanad Cash into the HyperPay family. This acquisition perfectly aligns with our strategic vision of providing a complete range of digital payment solutions, covering issuing and acquiring services, to our esteemed customers. By joining forces, we aim to deliver a more comprehensive and streamlined solution to corporate clients in the region. Leveraging Sanad Cash’s expertise in expense management, we are confident that we can enhance our tools and services, simplifying financial operations for businesses of all sizes. This synergy will enable HyperPay to cater to a wider spectrum of customer needs, offering a unified and convenient platform for various digital payment requirements.”
By integrating Sanad Cash’s services into its suite of fintech solutions, 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.
Mahmoud Iswiad, founder, and CEO of Sanad Cash said: “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 optimise 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.”
