Saudi fintech Hala announced on September 15, 2025, it has secured $157 million in a Series B funding round. The investment aims to expand its suite of banking services specifically designed for micro, small, and medium-sized enterprises (MSMEs) and freelancers.
The funding round was co-led by TPG and Sanabil Investments, a division of Saudi Arabia’s Public Investment Fund. Additional participants included QED Investors, Raed Ventures, Middle East Venture Partners, Isometry Capital, Arzan VC, BNVT Capital, Kaltaire Investments, Endeavor Catalyst, Nour Nouf Ventures, Khwarizmi Ventures, Wamda Capital, and Impact 46. Impact 46 previously led Hala’s $6.5 million Series A round in March 2021. This latest capital injection values Hala at approximately $900 million, according to Bloomberg, and the company has described it as one of the largest fintech Series B funding rounds in the Middle East.
Hala plans to utilize the new capital to strengthen its market position in Saudi Arabia, offer more embedded financial services, and introduce lending products tailored to support the growth of MSMEs and freelancers. The funds will also facilitate Hala’s regional expansion.
Founded in 2017 by group CEO Maher Loubieh and chairman Esam Alnahdi, Hala’s current embedded financial services portfolio includes business bank accounts, card issuance, payment and transfer services, and point-of-sale (POS) solutions for merchants. The Riyadh-based company currently serves over 142,000 businesses and processes more than $8 billion in transactions annually.
In 2023, Hala expanded its operations into the UAE market through the acquisition of payments start-up Paymennt.com. The same year, the company enhanced its technical leadership by appointing Saleem Arshad, a former Revolut executive, as its Chief Technology Officer.
