Haball, a Pakistani fintech startup specializing in shariah-compliant supply chain financing, has raised USD 52 million in a pre-Series A funding round led by Zayn VC and Meezan Bank. This round includes USD 5 million in equity from Zayn VC and USD 47 million in strategic financing from Meezan Bank Limited. The funding will support Haball’s goal to expand its digital financial services platform, which integrates digital invoicing, tax compliance, and financing for SMEs and multinationals, into the GCC, starting with Saudi Arabia in 2025.
Haball provides a comprehensive, end-to-end solution designed to streamline transactions and improve cash flow visibility for businesses. Its platform targets the growing demand for Islamic financial services that cater specifically to SMEs. With the new capital, the company plans to consolidate its market leadership in Pakistan and expand its operations across the GCC region, addressing the financing needs of SMEs and contributing to economic growth and financial inclusion.
Omer bin Ahsan, Founder and CEO of Haball, emphasized the company’s strategic focus on addressing the financing gap in Pakistan’s burgeoning supply chain finance sector, which is projected to be worth over USD 9 billion. The company’s expansion into Saudi Arabia is part of its broader vision to bring shariah-compliant digital financial services to the Middle East.
Faisal Aftab, Founder and Managing Partner at Zayn VC, highlighted that Haball’s proven model is well-positioned to meet the growing demand for innovative financial solutions in the GCC region. The expansion into Saudi Arabia marks the first step in Haball’s broader plans to tap into the Middle East’s vast market.
