Haball, a Pakistan-based supply chain financing and payments platform, has raised $52 million in pre-Series A funding.
The funding round comprised of $5 million in equity and $47 million in strategic financing.
Haball plans to expand into the GCC market, starting with Saudi Arabia in 2025, and aims to address the region's demand for shariah-compliant and SME-focused digital financial services.
The funding was led by Zayn VC and joined by Majlis Advisory SPV, angel investors, and Meezan Bank, the largest Islamic bank in Pakistan.