Haball Secures $52M to Fuel GCC Expansion
Deal News | Apr 09, 2025 | Zawya
Haball, a Pakistan-based fintech providing Shariah-compliant financing, has raised $52 million to facilitate its expansion into the GCC region. The funding includes a $5 million equity investment led by Zayn VC, with additional contributions from Saudi private investors, Majlis Advisory SPV, angel investors, and a business conglomerate. The major portion, $47 million, comes from financing provided by Pakistan's Meezan Bank Limited. This funding will enable Haball to strengthen its market presence in Pakistan while strategically entering new markets in Saudi Arabia, the UAE, and Qatar. Haball plans to establish a regional office in Saudi Arabia by 2025 and is exploring further expansion opportunities within the Middle East and Asia.
Sectors
- Fintech
- Venture Capital
- Banking
Geography
- Pakistan – Haball is based in Pakistan, and the investment round involves Pakistani financial institutions and investors.
- GCC – The company's strategic expansion into the GCC, including countries like Saudi Arabia, the UAE, and Qatar, is a key focus of the article.
Industry
- Fintech – Haball operates within the financial technology sector, offering innovative Shariah-compliant financing solutions.
- Venture Capital – Zayn VC's involvement in leading the equity investment indicates the participation of venture capital in the funding round.
- Banking – The financing component of Haball's funding round was provided by Meezan Bank Limited, highlighting the banking industry's role.
Financials
- $52 million – Total funding raised by Haball for GCC expansion.
- $5 million – Equity investment led by Zayn VC with contributions from other investors.
- $47 million – Financing provided by Meezan Bank Limited.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Haball | Target | Company | A Pakistan-based fintech company focused on Shariah-compliant supply chain financing and payments. |
| Zayn VC | Investor | Company | A venture capital firm in Pakistan leading the $5 million equity investment in Haball. |
| Meezan Bank Limited | Financing Provider | Company | Pakistan's Islamic lender providing $47 million in financing to Haball. |
| Majlis Advisory SPV | Investor | Company | A special purpose vehicle involved in the equity round of funding for Haball. |