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RIYADH: Saudi-based fintech HyperPay has raised $36.7 million in a funding round led by digital payment giant, Mastercard, with investments from venture capital firms Amwal Capital Partners and AB Ventures.
The company offers payment processing, risk and fraud management, monitoring, along with instalment and invoicing systems.
The funding will allow HyperPay to expand regionally into Egypt, Qatar, and Oman, as well as invest in product research and development, MAGNiTT reported.