What does Haball do?
Haball is a fintech company that offers shariah-compliant financing solutions for SMEs and multinationals. Its comprehensive platform streamlines supply chain transactions by integrating payment collection, digital invoicing registration, financing, and tax compliance, catering to diverse sectors such as retail, consumer goods, pharmaceuticals, energy, and aerospace.
How much did they raise?
The company raised USD52M in Pre-Series A funding, with USD5M of the round led by Zayn VC. Other investors included Majlis Advisory SPV, private investors in KSA, angel investors, and a business conglomerate, demonstrating strong support from multiple stakeholders.
What are their plans for the money?
With the new funds, Haball intends to solidify its market leadership in Pakistan and drive a targeted expansion into the Gulf Cooperation Council region. The firm plans to enter the KSA market in 2025 and is exploring further opportunities in the UAE, Qatar, and other parts of the Middle East and Asia, which could significantly enhance its regional footprint.
What have they achieved so far?
Since its founding in 2017, Haball has made notable progress by establishing itself as a key player in the fintech space. The company’s innovative, shariah-compliant solutions have attracted prominent clients, including multinational brands like Coca-Cola, thereby validating its industry impact and growth potential.
