Haball, Pakistan’s leading supply chain financing and payments fintech, has raised a significant US$52 million in a pre-Series A funding round. The investment comprises a US$5 million equity component led by Zayn VC, a prominent Pakistani venture capital firm, alongside participation from Majlis Advisory SPV, Saudi Arabian private investors, angel investors, and a major business conglomerate. Complementing the equity raise is a US$47 million strategic financing allocation from Meezan Bank Limited, Pakistan’s largest Islamic bank.
This funding injection follows Haball’s strategic and measured fundraising approach since its inception in 2017. Investors have been drawn to the company’s strong unit economics, focused strategy, and proven ability to attract impactful investments.
The newly secured capital will be strategically deployed to solidify Haball’s dominant position within the Pakistani market and to spearhead a targeted expansion into the Gulf Cooperation Council (GCC) region. This expansion is a direct response to the significant market demand for Shariah-compliant digital financial services tailored to the needs of small and medium-sized enterprises (SMEs).
The supply chain finance sector in Pakistan, while still in its early stages, holds immense potential, estimated to be worth over US$9 billion. This growth is driven by the substantial financing gap faced by Pakistani SMEs, with less than 5% currently accessing traditional bank financing.
Haball plans to enter the Saudi Arabian market in 2025, aiming to serve local SMEs and unlock substantial growth opportunities for Saudi companies. The company will also establish a regional office in the Kingdom. Furthermore, Haball is actively exploring expansion into other Middle Eastern markets, including the UAE and Qatar, as well as opportunities in Asia, with a long-term ambition to cater to the demand for Islamic finance.
Omer bin Ahsan, Founder and CEO of Haball, emphasized the ripe opportunity in Pakistan’s supply chain for efficient and transparent solutions. He believes that Haball’s digitization of financial systems will be crucial for driving economic growth and financial inclusion for SMEs across the country. He also expressed excitement about addressing the demand for Shariah-compliant SME financing in the GCC, starting with the KSA market entry.
Haball provides Shariah-compliant financing solutions to both SMEs and multinational corporations, offering an end-to-end platform that integrates payment collection, digital invoicing, tax compliance, and financing. The company’s services enhance cash flow visibility, streamline tax reporting, and simplify digital payments, contributing to economic growth and financial inclusion in Pakistan.
Having already processed over US$3 billion in payments and disbursed over US$110 million in financing to nearly 8,000 SMEs and multinationals like Coca-Cola in Pakistan, Haball has established itself as a market leader. The company has also worked closely with regulators, achieving milestones such as being the first Pakistani fintech licensed for digital invoicing and being selected by the State Bank as a multi-bank supply chain financing platform.
