HALA Raises $157m Series B Led by TPG’s Rise Funds and Sanabil Investments #
Saudi fintech HALA closed a $157 million Series B, one of the Middle East’s largest fintech B rounds, led by TPG’s The Rise Funds and Sanabil Investments (PIF-owned), with participation from QED, Raed Ventures, MEVP, Impact46 and others. HALA says the capital will strengthen its Saudi position, launch lending products for MSMEs and freelancers, and support regional expansion
Founded to serve micro, small and medium businesses with embedded financial services (business accounts, card issuance, payments & transfers, POS, financing and corporate cards), HALA reports 140,000+ business customers and $8B+ in annual transaction volume. The deal marks The Rise Funds’ first investment in the Middle East/KSA, underscoring investor conviction in MSME finance as part of Saudi Vision 2030.