Nayla Finance Secures $4M in Seed Funding Led by Sanabil
Deal News | Mar 23, 2025 | Zawya
Nayla Finance, a fintech focused on enhancing micro-business access to capital in Saudi Arabia, has secured $4 million in seed funding from Sanabil Venture Studio by Stryber. This funding signifies a critical juncture for Nayla Finance, fortifying its mission to offer expeditious, accessible, technology-based financial solutions to micro-businesses. Allocated capital will strengthen Nayla's data-driven lending platform, scale operational capabilities, and bolster sector-specific partnerships, especially within F&B, e-commerce, and retail domains. The firm utilizes innovative technologies to overcome traditional lending roadblocks, broadening funding opportunities for businesses often dismissed due to limited financial history or perceived risks. Both Co-founder & CEO Shaqran Alyahya and Co-founder & Chief Risk Officer Khalid Naili underscore the initiative's impact potential, emphasizing the role of fintech innovation in bridging significant funding gaps for foundational economic contributors within Saudi Arabia. The recent investment aligns with Saudi Vision 2030's goals of increasing financial accessibility and digital evolution for SMEs.
Sectors
- Fintech
- Venture Capital
- Small and Medium Enterprises (SMEs)
Geography
- Saudi Arabia – The operations and strategic initiatives of Nayla Finance and Sanabil Venture Studio are centered around empowering the micro-business sector within Saudi Arabia.
Industry
- Fintech – Nayla Finance operates within the financial technology industry, providing digital financial solutions tailored for micro-businesses.
- Venture Capital – Sanabil Venture Studio's investment in Nayla Finance represents a significant venture capital infusion to support the scaling of technology-driven financial solutions in Saudi Arabia.
- Small and Medium Enterprises (SMEs) – The target clients for Nayla Finance consist primarily of micro-businesses, a fundamental component of the SME sector in Saudi Arabia.
Financials
- $4,000,000 – Seed funding amount secured by Nayla Finance from Sanabil Venture Studio to support product and business expansion in Saudi Arabia.
- $2,700,000 – Additional debt financing amount to be deployed to build Nayla Finance's loan book.
- $20,000,000 – Total funding deployed by Sanabil Venture Studio across 7 ventures in key focus sectors including fintech.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nayla Finance | Target company | Company | A fintech company focused on providing accessible financing solutions to micro-businesses in Saudi Arabia. |
| Sanabil Venture Studio | Investor | Company | A venture capital initiative led by Sanabil Investments, focuses on developing scalable fintech ventures in Saudi Arabia. |
| Shaqran Alyahya | Co-founder & CEO of Nayla Finance | Person | Leads Nayla Finance in fulfilling its mission to support micro-businesses with innovative financial tools. |
| Khalid Naili | Co-founder & Chief Risk Officer of Nayla Finance | Person | Manages the risk assessment processes at Nayla Finance, using technology to redefine creditworthiness. |
| Rayan Aebi | CEO of Sanabil Venture Studio | Person | Oversees the strategic direction of Sanabil Venture Studio's investments in Saudi Arabia. |