{"id":95864,"date":"2025-04-09T00:00:00","date_gmt":"2025-04-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/09\/pakistans-haball-eyes-saudi-expansion-after-usd-52-mn-pre-series-a-round\/"},"modified":"2025-04-09T00:00:00","modified_gmt":"2025-04-09T00:00:00","slug":"pakistans-haball-eyes-saudi-expansion-after-usd-52-mn-pre-series-a-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/09\/pakistans-haball-eyes-saudi-expansion-after-usd-52-mn-pre-series-a-round\/","title":{"rendered":"Pakistan\u2019s Haball eyes Saudi expansion after USD 52 mn pre-Series A round"},"content":{"rendered":"

<\/strong>Haball plans Saudi expansion amid wider Middle East play: <\/strong> Pakistan-based fintech Haball<\/a> secured plans to expand into the Kingdom before the end of the year and establish a regional office, it said in a statement (pdf)<\/a>.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The announcement comes after a <\/strong>pre-Series A round<\/strong> saw the startup raise <\/strong>USD 52 mn, including USD 5 mn in equity and a USD 47 mn strategic financing facility, led by Zayn VC and Meezan Bank.<\/p>\n

Why it matters: <\/strong>Islamic banking in Pakistan has been rapidly rising, reaching USD 34.5 bn as of mid-2024, with supply chain finance expected to exceed USD 9 bn. Haball\u2019s expansion into Saudi will allow it to capitalize on our well-established Islamic banking ecosystem, which logged some SAR 2.7 tn in assets by the end of FY 2022, according to the Saudi Central Bank's latest annual report (pdf)<\/a>.<\/p>\n

About Haball: <\/strong>Launched in 2017 by Omer bin Ahsan (LinkedIn<\/a>), the Karachi-based fintech company specializes in shariah-compliant digital payment and financing solutions aimed at optimizing supply chains. It offers services such as digital invoicing, payment collection, and tax compliance \u2014 catering to some 8k SMEs and multinationals. The company has so far processed more than USD 3 bn in payments and disbursed some USD 110 mn in financing. <\/p>\n

Reuters<\/a><\/strong> also had the story. <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The funds will also be used to scale up Islamic supply chain finance and B2B payments platform<\/p>\n","protected":false},"author":1,"featured_media":95865,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2556],"tags":[10,4150,208,4149,179],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam-ksa","tag-financing","tag-fintech","tag-haball","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"4e8d3da9-07c5-4820-abef-da0f86c2a209","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1268.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Pakistan\u2019s Haball eyes Saudi expansion after USD 52 mn pre-Series A round","related_issue":[95850],"teaser":"The funds will also be used to scale up Islamic supply chain finance and B2B payments platform","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.9b19d1ab-3d1e-404c-ab5a-cce625da41dc.mp3"},"yoast_head":"\nPakistan\u2019s Haball eyes Saudi expansion after USD 52 mn pre-Series A round - 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