Saudi Investors Back Pakistani Fintech Haball's $52M Round for KSA Expansion
Pakistani supply chain finance and payments fintech, Haball, has successfully raised USD $52 million in a significant pre-Series A funding round. The round notably included participation from Saudi investors via Majlis Advisory SPV and other private individuals from KSA, alongside lead equity investor Zayn VC (Pakistan) and strategic financing from Meezan Bank Limited (Pakistan). This capital injection is set to fuel Haball's consolidation in Pakistan and its strategic expansion into the GCC, starting with Saudi Arabia.
Bridging Pakistan's SME Finance Gap
Haball addresses a critical need in markets like Pakistan, where the supply chain finance sector holds billion-dollar potential, yet less than 5% of SMEs can access traditional bank financing. The company provides Sharia-compliant financing and payment solutions for both SMEs and multinationals. Its end-to-end platform streamlines business transactions by incorporating digital invoicing (for which it was the first fintech licensed by Pakistan's FBR), payment collection, tax compliance, and financing, thereby improving cash flow visibility and driving financial inclusion.
$52M Pre-Series A: Funding Details & Investors
The complex $52 million round consists of:
$5 Million Equity: Led by Pakistan's Zayn VC. Faisal Aftab, Zayn VC's Founder, highlighted Haball's potential to expand its proven model into the GCC.
$47 Million Strategic Financing: Provided by Pakistan's largest Islamic bank, Meezan Bank Limited.
Other Participants: Crucially, the round saw participation from Saudi-based Majlis Advisory SPV, several other private investors from KSA, angel investors, and a business conglomerate, indicating strong cross-border interest.
Strategic Expansion into Saudi Arabia
A key objective for this funding is Haball's expansion into the GCC, beginning with market entry into Saudi Arabia planned for 2025. The company intends to open a regional office in the Kingdom to service SMEs and capitalize on the significant demand for Sharia-compliant, SME-focused digital financial services in the region. Omer bin Ahsan, Founder and CEO of Haball, specifically mentioned looking forward to "responding to the significant demand in the GCC... beginning with our market entry to KSA this year.”
About Haball
Founded by Omer bin Ahsan, Haball is a leading Pakistani fintech specializing in supply chain financing and B2B payments. Its Sharia-compliant platform offers an end-to-end solution including digital invoicing, payment collection, compliance, and financing for SMEs and large corporations like Coca-Cola. Haball has processed over USD $3 billion in payments and disbursed over USD $110 million in financing to nearly 8,000 SMEs across Pakistan.
Looking Ahead
With substantial new funding and strong backing from both Pakistani and Saudi investors, Haball is well-equipped to solidify its leadership in Pakistan while executing its ambitious entry into the Saudi market. This move represents a significant step in cross-border fintech collaboration within the wider region and addresses a clear demand for specialized SME financing solutions in the GCC.
Source: Waya Media