HALA Raises $157M in Landmark Middle East Fintech Series B

Saudi fintech HALA secured $157 million in a Series B round led by TPG’s Rise Fund and Sanabil Investments, one of the region’s largest ever fintech Series B deals. HALA now serves more than 142,000 businesses and processes over $8 billion in annual transactions, strengthening its role as a leading embedded financial services provider for MSMEs. The company plans to expand lending products, launch new ventures, and extend its footprint beyond Saudi Arabia.