Global: Saudi Fintech Hala Secures $157m to Expand MSME Financial Services

Saudi-based fintech Hala has raised $157 million in a funding round co-led by The Rise Fund and Sanabil Investments, with participation from a wide network of global and regional investors, including QED, Raed Ventures, Impact 46, MEVP, Isometry Capital, Arzan VC, BNVT Capital, Kaltaire Investments, Endeavor Catalyst, Nour Nouf Ventures, Khwarizmi Ventures, and Wamda Capital.

Hala provides an embedded financial services platform tailored for micro, small, and medium-sized enterprises (MSMEs), offering business accounts, card issuance, transfers, POS solutions, financing, and corporate cards. The company currently supports over 142,000 businesses, processing more than $8 billion in annual transactions.

The fresh capital will be deployed to deepen Hala’s presence in Saudi Arabia, enhance its suite of digital financial products, and drive regional expansion.

Commenting on the deal, Yemi Lalude, Head of EMEA at The Rise Fund, said:
“Our investment underscores confidence in the market’s growth potential and the increasing demand for robust digital banking solutions. Entrepreneurs like Hala are not only driving innovation but also creating jobs, expanding access, and delivering meaningful social impact.”

The raise positions Hala as one of the leading fintech players in the MENA region, as Saudi Arabia accelerates efforts to promote financial inclusion and a cashless economy under its Vision 2030 agenda.