Hala Raises $157M to Boost MSME Fintech Expansion

Hala, a leading Saudi Arabia-based fintech company, has secured US$157 million in a Series B funding round led by TPG’s Rise Fund and Sanabil Investments, marking one of the largest recent funding rounds in the region’s fintech space.

The round also saw participation from top global and regional investors, including QED, Raed Ventures, Impact 46, Middle East Venture Partners, Isometry Capital, Arzan VC, BNVT Capital, Kaltaire Investments, Endeavor Catalyst, Nour Nouf Ventures, Khwarizmi Ventures, and Wamda Capital.

Founded to empower micro, small, and medium-sized businesses (MSMEs), Hala offers embedded financial services, enabling seamless digital transactions and financial access.

Key Highlights

• Hala raised $157M in Series B funding led by TPG’s Rise Fund & Sanabil
• The fintech serves 142K+ MSMEs, processing $8B+ in transactions annually
• Funds will fuel new lending products, Saudi growth, and regional expansion

The company reports serving over 142,000 clients and processing more than US$8 billion in annual transactions, positioning it as a key player in Saudi Arabia’s rapidly growing digital economy.

With the fresh capital, Hala plans to launch new lending products, expand its offerings, and strengthen its position in the Saudi market. The company also aims to accelerate its regional expansion into other Middle Eastern markets, aligning with Saudi Arabia’s Vision 2030 agenda of fostering financial inclusion and digital transformation.

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This funding round underscores strong investor confidence in Hala’s scalable business model and its mission to close the financial gap for MSMEs by providing innovative, tech-driven solutions that simplify payments, lending, and financial management.