ISLAMABAD (Khyber Mail): Haball, a pioneering Pakistani fintech specializing in shariah-compliant supply chain financing and digital payments, has successfully raised US$52 million in its pre-Series A funding round. The raise comprises US$5 million in equity and US$47 million in strategic financing.
The equity round was led by Zayn VC, a top-tier venture capital firm in Pakistan, and saw participation from Majlis Advisory SPV, prominent private investors from Saudi Arabia, angel investors, and a well-known business conglomerate. The strategic financing component was secured from Meezan Bank Limited, Pakistan’s largest Islamic bank, which carries a AAA/A-1+ rating.
Founded in 2017, Haball has pursued a deliberate and responsible fundraising approach, earning investor confidence with its strong unit economics, focused business strategy, and history of impactful capital utilization. The fresh funding will reinforce its leadership position in Pakistan and support its expansion into the GCC, starting with Saudi Arabia in 2025.
Haball’s entry into the Kingdom will include the establishment of a regional office to serve the SME sector, unlocking significant growth opportunities for local businesses. The company is also exploring additional entries in the UAE, Qatar, and other Asian markets to respond to the growing demand for Islamic financial services.
Commenting on the milestone, Haball Founder and CEO Omer bin Ahsan said, “Pakistan’s supply chain ecosystem has long needed a transparent and efficient digital financing solution. Our platform not only fills that gap but also contributes to economic growth and financial inclusion, especially for SMEs.”
To date, Haball has processed over US$3 billion in payments and disbursed more than US$110 million in financing, supporting nearly 8,000 SMEs and major corporations like Coca-Cola. Its services include payment collection, digital invoicing, tax compliance, and working capital financing—helping businesses improve cash flow, compliance, and operational efficiency.
The fintech has also made regulatory strides, becoming the first in Pakistan to receive a digital invoicing license from the Federal Board of Revenue. It has been selected by the State Bank of Pakistan as a multi-bank supply chain financing platform and is on track to become a licensed payment initiation service provider under Raast, Pakistan’s instant payment system.
Meezan Bank’s Syed Tanveer Hussain stated, “Our partnership with Haball is a commitment to building a stronger, more inclusive financial infrastructure that supports SMEs and enhances supply chain resilience.”
Zayn VC’s Managing Partner Faisal Aftab added, “With growing interest in supply chain digitalization across the GCC, Haball’s model is well-positioned to make a significant regional impact.”
Backed by a seasoned leadership team with experience in regulatory, banking, and corporate sectors, Haball continues to push the boundaries of financial innovation in Pakistan and beyond.