HALA: $157 Million Raised To Expand Fintech Services For Small Businesses Across the Middle East
By Amit Chowdhry ● Yesterday at 4:28 PM
HALA Holding, a leading fintech company based in Saudi Arabia, has announced the completion of a $157 million Series B funding round. This marks one of the most significant Series B investments in the region’s fintech sector. The round was led by The Rise Fund, part of TPG’s global impact investing strategy, and Sanabil Investments, which the Public Investment Fund of Saudi Arabia owns. A wide range of other investors also participated, including QED, Raed Ventures, Impact 46, MEVP, Isometry Capital, Arzan VC, BNVT Capital, Kaltaire Investments, Endeavor Catalyst, Nour Nouf Ventures, Khwarizmi Ventures, and Wamda Capital.