Hyperpay, the fastest growing online payment service provider in the MENAP region, founded by Muhannad Ebwini, is delighted to announce a strategic partnership with Paymentology, the global leading issuer-processor. The collaboration marks a significant milestone in Hyperpay's mission to become a one-stop payment solution for businesses, governments, and SMEs across the Middle East. Hyperpay and Paymentology are committed to delivering innovative payment solutions that align with the evolving needs of businesses and consumers. The Fintech industry in the MENAP region is expected to increase from $1.5 billion in 2022 to $4.5 billion in 2025, demonstrating the region's transition towards digital financial services. Hyperpay already offers a wide range of products and services to its customers, including payment processing, risk and fraud management, monitoring systems, instalments, and invoicing solutions, among others. With Paymentology's next-generation payments platform, Hyperpay will effortlessly connect to payment rails, create new payment products for its clients and leverage granular payment data to enhance its offerings.Muhannad Ebwini, Founder and CEO of HyperPay, shared his view: "Hyperpay's pivotal role aligns seamlessly with Saudi Arabia Vision 2030, driving the nation toward a digital-first era. Our strategic vision to become a one-stop shop for all payment services is a direct response to the pressing needs of businesses and government agencies, who demand instant, user-friendly payments accessible from anywhere, anytime. Embracing a global outlook, we're proud to introduce a versatile offering tailored to both our regional dynamics and the stimulation of cross-border trade. Thus, our choice to partner with Paymentology, a leading global technology player, becomes paramount in this transformative journey."Nauman Hassan, Regional Director at Paymentology, commented: "Paymentology is proud to be associated with Hyperpay's Saudi Arabia launch. With a strong foothold in the Middle East, particularly in the kingdom, where numerous fintechs and neobanks have sought our expertise in next-generation payments platforms, we're well-equipped to facilitate Hyperpay’s rapid business growth. We firmly believe that Hyperpay's introduction of advanced payment services aligns perfectly with the market's needs, and we eagerly anticipate a successful partnership."Hyperpay is among the top-five payment providers in the MENA region, actively contributing to the shift towards cashless societies. The company recently secured $36.7 million (SAR 138 million) in funding through a round led by Mastercard, with investments from Amwal Capital Partners and AB Ventures. Hyperpay is only at the beginning of its journey and has ambitious plans to go public through an IPO in Saudi Arabia within the next two years. With a strong presence in Jordan and Saudi Arabia, Hyperpay is also set to expand its operations to Egypt, Bahrain, Iraq, and Oman as part of its ambitious growth plan.

Dubai: Vivium Holding, a progressive single-family office headquartered in Dubai, has announced its partnership with MEVP (Middle East Venture Partners), a leading venture capital asset manager in the MENA region, as Cornerstone Partner. The collaboration marks an important milestone in expanding both companies’ investments horizons, fostering growth and innovation in the region's entrepreneurial ecosystem.MEVP has been at the forefront of venture capital investing in the MENA region for more than a decade with a strong record of successful investments in technology start-ups across various sectors. Vivium Holding’s mission to invest in talent, ideas and build brands to leave a meaningful generational impact establishes powerful synergies that strengthen the collaboration. By joining forces with MEVP as Cornerstone Partner, Vivium aims to leverage its expertise and resources to identify and support the most promising technology start-ups in MENA.Vivium Holding is focused on building purposeful value creation for investors, stakeholders, and businesses in the MENA region through its diversified investment portfolio in the areas of luxury residential and hospitality, technology, and passion investments such as art and design.MEVP currently manages four regional technology-focused venture capital funds with more than USD 300 million in assets under management and USD 1.6 billion in co-investments. MEVP has successfully backed more than 60 start-ups across MENA including industry leaders such as Anghami, the Nasdaq-listed MENA leader in music streaming and digital entertainment, digital payment infrastructure provider HyperPay, and Fresha, one of the top global digital marketplaces for beauty and wellness services.The partnership is established as MEVP launches its fourth flagship MENA VC fund – the Middle East Venture Fund IV (MEVF IV) – with a target size of USD 150 million. MEVF IV’s will focus on investing in innovative early-stage and growth-stage technology companies and supporting their growth into MENA market leaders.“We are pleased to join MEVP in this strategic partnership that underscores our commitment to support the growth of innovative start-ups in MENA.” said Elie Khouri, Founder and CEO of Vivium Holding. “Together, we will accelerate the development of the region’s thriving VC ecosystem, empowering start-ups to grow into mainstream regional and global champions and to create long-term sustainable businesses.”Walid Hanna, Chairman and co-CEO of MEVP, added: “My MEVP Partners and I are thrilled to have Vivium Holding join us as Cornerstone Partner. Vivium Holding’s strong focus on technology investments and their global perspective on innovation will complement MEVP’s existing capabilities, allowing us to together create even more value to both our portfolios and to the wider entrepreneurship community in the MENA region.”Vivium Holding's appointment as Cornerstone Partner with MEVP is timely; the MENA region continues to witness a surge in entrepreneurial activity, with startups disrupting traditional industries and driving digital transformation. The collaboration between Vivium Holding and MEVP is poised to drive economic growth, job creation, and technological advancements across the MENA region.Image by Gerd Altmann from Pixabay