Intelligent SME.tech Issue 61 | Page 24

// FEATURE //

HALA RAISES US $ 157 MILLION TO TRANSFORM SME FINANCIAL SERVICES IN SAUDI ARABIA AND THE MIDDLE EAST

HALA, Saudi Arabia’ s leading SME-focused FinTech, has raised US $ 157 million in a record-breaking Series B round led by TPG’ s Rise Fund and Sanabil Investments. The company will use the funding to strengthen its position in the Kingdom, scale lending and embedded services for small businesses and freelancers and expand regionally.
24 Intelligent SME. tech