Homegrown fintech startup Nayla Finance raised USD 4 mn in a seed funding round led by Sanabil Venture Studio by Stryber, according to a press release. The company is in the final stage of obtaining its license from the Saudi Central Bank and expects to launch operations in 2Q 2025.

More details: The funds will be used to enhance Nayla’s lending platform and expand operations and partnerships in key sectors like F&B, e-commerce, and retail. Nayla also plans to deploy an additional USD 2.7 mn in debt financing to grow its loan book.

About Nayla Finance: Founded in 2024 by Shaqran Alyahya (LinkedIn) and Khaled Naili (LinkedIn), Nayla Finance uses alternative data and advanced risk models to offer tailored financing solutions for micro-businesses in Saudi Arabia, addressing the challenges traditional lenders avoid.

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