Pakistan fintech Haball clinches $52m in pre-Series A round to fuel GCC expansion
Haball, a Pakistani supply chain financing and payments fintech established in 2017, has raised $52 million in a pre-Series A funding round.
The equity component of $5 million was led by Zayn VC, a Pakistani venture capital firm, alongside Majlis Advisory SPV, and others. Meezan Bank Limited, Pakistan’s first and largest Islamic bank, rated AAA/A-1+, extended the remaining $47 million.
The newly secured capital will accelerate Haball’s consolidation of its market share in Pakistan and facilitate a targeted expansion into the GCC - addressing the growing demand for Shariah-compliant SME-focused digital financial services.
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Muhammad Ali Bandial