Haball Raises $52 Million in Funding Round Led by Zayn VC

Haball, a leading supply chain financing and payments fintech in Pakistan, has successfully raised $52 million in a pre-Series A funding round, which includes $5 million in equity led by Zayn VC and a strategic financing allocation of $47 million from Meezan Bank Limited. This funding will bolster Haball’s position in the Pakistani market while facilitating expansion into the Gulf Cooperation Council (GCC), particularly Saudi Arabia, where the company plans to launch operations in 2025 to meet the increasing demand for shariah-compliant financial services for small and medium-sized enterprises (SMEs). Since its inception in 2017, Haball has achieved significant milestones, processing over $3 billion in payments and providing $110 million in financing to nearly 8,000 customers, including multinationals like Coca-Cola. The company aims to address the financing gap facing SMEs in Pakistan, where less than 5% access commercial bank financing, and is also exploring further regional growth in markets such as the UAE and Qatar.

Haball Raises $52 Million in Funding Round Led by Zayn VC

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