Haball, Pakistan’s leading fintech for supply chain financing and payments, has successfully raised $52 million in a pre-Series A funding round. This round includes a $5 million equity investment led by Zayn VC, Pakistan’s top venture capital firm, alongside contributions from Majlis Advisory SPV, private investors from Saudi Arabia, angel investors, and a notable business conglomerate. The remaining $47 million comes from strategic financing provided by Meezan Bank Limited, Pakistan’s first and largest Islamic bank.
Since its inception in 2017, Haball has focused on responsible fundraising, attracting investors with its strong unit economics and strategic vision. The funds will help Haball solidify its market leadership in Pakistan and expand into the Gulf Cooperation Council (GCC) region, addressing the growing demand for shariah-compliant digital financial services tailored for SMEs.
The supply chain finance sector in Pakistan is still developing, with an estimated worth of over $9 billion, largely due to the significant financing gap faced by SMEs—less than 5% of which can access commercial bank financing. Haball plans to enter the Saudi Arabian market in 2025, aiming to unlock substantial growth opportunities for local SMEs. The company is also considering further expansions into the UAE, Qatar, and other Asian markets.
Omer bin Ahsan, Founder and CEO of Haball, emphasized the need for efficient and transparent solutions in Pakistan’s supply chain ecosystem. He believes that digitizing financial systems will foster economic growth and enhance financial inclusion for SMEs. Haball has already processed over $3 billion in payments and disbursed more than $110 million in financing, serving nearly 8,000 SMEs and multinational corporations like Coca-Cola.
With a strong leadership team experienced in banking and regulation, Haball is well-positioned to drive innovation in Pakistan’s financial landscape and contribute to the economic development of the region.
