Haball Raises $52M to Scale Supply Chain Finance Platform Beyond Pakistan

Haball, a Pakistani fintech specializing in supply chain financing and digital payments, has secured $52 million in a pre-Series A round. The funding includes $5 million in equity, led by Zayn VC, with participation from private Saudi investors, a regional business group, angel investors, and Majlis Advisory SPV. The remaining $47 million comes in the form of strategic financing from Meezan Bank Limited, the country’s largest Islamic bank.

Haball’s innovative platform, which offers Shariah-compliant supply chain financing and payment services, is well-positioned to capitalize on the growing demand for supply chain finance in Pakistan. The sector, still in its early stages, is expected to reach a market size of over $9 billion in the coming years, providing significant growth opportunities for the fintech company.

Established in 2017, Haball delivers Shariah-compliant financial services to both small and medium-sized businesses and large multinational firms in Pakistan. Its all-in-one platform combines tax management, payment collection, digital invoicing and support for working capital. So far, the company has facilitated over $3 billion in transactions and extended more than $110 million in financing. Haball also holds the distinction of being the first fintech in Pakistan to obtain a digital invoicing license from the Federal Board of Revenue.

The company’s growth has been fueled by its strong unit economics, focused strategy, and proven ability to attract impactful investments. Investors are drawn to Haball’s ability to address the financing gap for SMEs, with less than 5% of Pakistani SMEs currently accessing traditional bank financing. This gap, combined with the sector’s growth potential, which is projected to reach $9 billion, has positioned Haball for continued expansion in the country.

A portion of the newly raised $52 million funding will be allocated to support Haball’s strategic expansion into the Gulf Cooperation Council (GCC) region. The company plans to enter the Saudi Arabian market in 2025, aiming to provide Shariah-compliant digital financial services tailored to local SMEs. To facilitate this expansion, Haball will establish a regional office in Saudi Arabia and explore opportunities in other Middle Eastern markets, including the UAE and Qatar.

In addition to its regional expansion plans, Haball is working to further enhance its platform by integrating with Raast, Pakistan’s instant payment system, and moving toward becoming a regulated payment initiation service provider. This integration will allow Haball to offer more efficient and transparent financial services, further boosting its appeal in both the Pakistani market and abroad.

Omer bin Ahsan, Founder and CEO of Haball, emphasized the company’s mission to drive economic growth and financial inclusion for SMEs. With the GCC markets showing strong demand for Shariah-compliant financing solutions, Haball is well-positioned to meet the growing needs of businesses in the region. The new funding will support the company’s efforts to expand its reach and continue innovating in the fintech space.