Hala, the leading solution for SME accounts and payments in KSA, has raised $157 million in a Series B, co-led by TPG and Sanabil Investments (part of the Public Investment Fund), valuing the company at around $900 million. Founded in 2017, Hala provides embedded financial services—including business bank accounts, card issuance, payments, transfers, and POS solutions—serving over 142,000 businesses and processing more than $8 billion annually. The funding will strengthen its Saudi market position, expand lending and embedded finance products for MSMEs and freelancers, and support regional growth, building on its 2023 acquisition of Paymennt.com and key leadership hires.

Saudi Fintech Hala Raises Landmark $157M Series BSaudi Fintech Hala Raises Landmark $157M Series B