THE MIDDLE EAST’S
16. HALA
Description: Financial solutions for MSMEs
Headquarters: Saudi Arabia
Date of Establishment: 2017
Founders : Esam Alnahdi, Maher Loubieh
HALA offers financial solutions to freelancers, and SMEs, including business accounts, online and offline payment acceptance, financing, expense management, payroll, bill payment, and card issuance. As of December 2025, it had over 140,000 active businesses. In 2025, HALA processed $6.6 billion in transactions and launched its lending business. In September 2025, HALA raised $157 million in a Series B funding round co-led by TPG’s The Rise Funds and PIF’s Sanabil Investments.