{"id":4575,"date":"2025-04-08T11:39:54","date_gmt":"2025-04-08T06:39:54","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=4575"},"modified":"2025-04-08T11:40:13","modified_gmt":"2025-04-08T06:40:13","slug":"pakistani-supply-chain-fintech-haball-raises-52-million-pre-series-a-to-expand-into-gcc-market","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=4575","title":{"rendered":"Pakistani Supply Chain Fintech haball Raises $52 Million Pre-Series A to Expand Into GCC Market"},"content":{"rendered":"

Haball,<\/a> Pakistan\u2019s leading supply chain financing and payments fintech, raises a US$52 million pre-Series A funding round comprising equity investment and a strategic financing allocation.<\/p>\n

The round\u2019s equity component of US$5 million was led by Zayn VC, Pakistan\u2019s premier venture capital firm. Other investors included Majlis Advisory SPV, several leading private investors in KSA, angel investors, and a prominent business conglomerate. The strategic financing component (US$47 million) was provided by Meezan Bank Limited, Pakistan\u2019s first and largest Islamic bank, rated AAA\/A-1+.<\/p>\n

The announcement follows a deliberate strategy of responsible fundraising by the Company since its 2017 inception. Investors have been attracted to, and closely aligned with, Haball\u2019s positive unit economics, strategic focus, and track record of attracting and leveraging impactful investments.<\/p>\n

The proceeds will support Haball in consolidating its market leadership in Pakistan and drive a targeted expansion into the GCC, responding to the clear market demand for shariah-compliant SME-focused digital financial services.<\/p>\n

Supply chain finance in Pakistan<\/a> is nascent but is expected to be worth over US$9 billion; driven by the severe financing gap faced by the country\u2019s SMEs \u2013 less than 5% can access financing from commercial banks.<\/p>\n

Haball will enter the KSA market in 2025 \u2013 to service SMEs and unlock millions in growth opportunities for KSA companies. A regional office will also be opened in the Kingdom. The Company is also exploring additional market entries across the Middle East; such as in the UAE and Qatar; and Asia.<\/p>\n

Omer bin Ahsan, Founder and CEO of Haball, commented:<\/p>\n

Pakistan\u2019s supply chain has been ripe for an efficient, transparent solution to overcome major gaps in the country\u2019s business payments and supply chain financing eco-system. Widespread digitization of financial systems \u2013 as offered by Haball \u2013 will drive economic growth and financial inclusion; imperative for SMEs\u2019 success across Pakistan. We also look forward to responding to the significant demand in the GCC for shariah-compliant and SME-focused digital financial services, beginning with our market entry to KSA this year. Further international expansion into markets across the Middle East and Asia \u2013 meeting the needs for Islamic finance \u2013 also remains a long-term ambition.<\/p>\n

Haball provides shariah-compliant financing to SMEs and multinationals, streamlining transactions for businesses via an end-to-end solution incorporating payment collection, digital invoicing, tax compliance, and financing. The Company\u2019s shariah-compliant financial services improve cash flow visibility, tax reporting processes and streamline digital payments, driving economic growth and benefiting Pakistan\u2019s financial inclusion<\/a> initiatives.<\/p>\n

Already a market leader for supply chain-focused financial services in Pakistan, Haball has processed over US$3 billion in payments and disbursed over US$ 110 million in financing, optimizing supply chains across the country. Customers include nearly 8,000 SMEs across Pakistan<\/a>, across verticals, and multinationals such as Coca-Cola.<\/p>\n

Haball has worked closely with regulators, becoming the first Pakistan fintech<\/a> to receive a license from the Federal Board of Revenue for digital invoicing. It was also selected by the State Bank as a multi-bank supply chain financing platform, and is on track to become a regulated payment initiation service provider with access to Raast \u2013 Pakistan\u2019s first instant payment system.<\/p>\n

Syed Tanveer Hussain, Group Executive Corporate, Commercial & Investment Banking at Meezan Bank, said:<\/p>\n

Our collaboration with Haball represents a shared vision to strengthen Pakistan\u2019s financial infrastructure \u2013 unlocking opportunities for SMEs and enhancing the resilience of supply chains, contributing to the broader economic development of the country.<\/p>\n

Faisal Aftab, Founder and Managing Partner at Zayn VC, said:<\/p>\n

Our investment in Haball aligns with our vision to support innovative financial solutions that have a global impact. With the GCC region\u2019s increasing focus on strengthening supply chain ecosystems, we see tremendous potential for Haball to expand its proven model and address critical financing needs.<\/p>\n

Haball\u2019s senior leadership team have extensive track records working for regulators, banks, and multinational corporations \u2013 demonstrating credibility and expertise across their careers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Haball, Pakistan’s leading supply chain financing and payments fintech, raises a US$52 million pre-Series A funding round comprising equity investment and a strategic financing allocation. The round’s equity component of US$5 million was led by Zayn VC, Pakistan’s premier venture capital firm. Other investors included Majlis Advisory SPV, several leading private investors in KSA, angel […]<\/p>\n","protected":false},"author":1,"featured_media":4576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1198],"tags":[],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t