Nayla Finance Secures $4M Seed Funding to Boost Saudi Micro-Businesses

Nayla Finance, a fintech firm focused on micro-businesses, has garnered $4 million in seed funding, spearheaded by Sanabil Venture Studio by Stryber. This investment is a significant step for Nayla Finance as it aims to enhance its data-driven lending platform and extend its operational capabilities across Saudi Arabia. The funding will be allocated toward product expansion, strategic partnerships, and establishing a robust loan book. Targeting the micro-business sector, often underserved by traditional financial institutions due to their limited financial history, Nayla Finance uses technology to redefine creditworthiness assessments. With this advancement, the company seeks to align with Saudi Arabia's Vision 2030 to drive financial inclusion and digital transformation in the SME sector. Nayla Finance plans to officially launch its operations post-license acquisition from the Saudi Central Bank by Q2 2025.