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- Hala
Hala Valuation, Funding & Investors
Hala is valued at $900M as of September 2025.
Last Hala valuation
$900M
Series B · Sep 2025
Last Hala funding round
$157M
Series B · Sep 2025
Cumulative funding Hala raised
$164M
across 3 funding rounds
Key investors in Hala
Wamda Capital
Impact46
Oqal
The Rise Fund
Sanabil
Khwarizmi Ventures
About Hala
Hala is a Dubai-based fintech offering digital wallets and point-of-sale solutions for merchants accepting credit cards. The platform supports remittances, bill payments, and QR code transactions across UAE and GCC countries, integrated with networks like Visa and Mastercard.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Valuation
$900M (Sep 2025)
Hala Valuation
Hala is currently valued at $900M, based on its Series B in September 2025.
The $157M round was led by Sanabil and The Rise Fund.
Hala valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2025 | Series B | $900M |
Hala Funding History
Hala has raised a total of $164M across 3 funding rounds.
Hala's first fundraising round was a $600K seed round in January 2018. The most recent completed round was a $157M Series B in September 2025.
Hala funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2025 | Series B | Sanabil (lead); The Rise Fund (lead) | $157M | $900M | HALA is a Saudi Arabia-based fintech providing embedded financial services to micro, small, and medium-sized enterprises (MSMEs), supporting over 140,000 businesses and processing more than $8 billion in annual transactions. The company raised $157 million in a landmark Series B round on September 15, 2025, co-led by The Rise Fund (TPG's impact investing strategy) and Sanabil Investments (Public Investment Fund subsidiary), with participation from QED, Raed Ventures, Impact 46, MEVP, Isometry Capital, Arzan VC, BNVT Capital, Kaltaire Investments, Endeavor Catalyst, Nour Nouf Ventures, Khwarizmi Ventures, and Wamda Capital. This round, one of the largest fintech Series B investments in the Middle East, was completed at a $900 million valuation. The funding will sustain HALA's market leadership, launch new ventures including lending products, and support regional expansion. HALA's leadership, including co-founder and Group CEO Maher Loubieh and co-founder and chairman Esam Alnahdi, emphasized the investors' trust in the business model and its potential for innovation in SME financial services. Sanabil highlighted HALA's role in reshaping SME finance with patient capital, while The Rise Fund noted this as their first Middle East investment, driven by favorable demographics and social impact opportunities. HALA has demonstrated rapid scaling with 142,000 clients and strong year-on-year growth, positioning it as a pioneer in the MSME fintech space amid the region's economic diversification efforts. The diverse investor base provides global expertise to accelerate expansion and impact in financial inclusion. |
| Mar 2021 | Series A | Impact46 (lead); Wamda Capital; Khwarizmi Ventures | $7M | - | - |
| Jan 2018 | Seed | Oqal | $600K | - | - |
Who has invested in Hala?
6 investors have backed Hala across its funding rounds, including Wamda Capital, Impact46, Oqal, The Rise Fund, Sanabil and Khwarizmi Ventures.
Lead investors include Sanabil, The Rise Fund and Impact46.
Hala Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2018 | ||
| 1 | Lead | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Lead | Sep 2025 | ||
This data is available for Pro users. Sign up to see all 6 Hala investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Hala
Hala has acquired 1 company to date.
Last acquisition by Hala was on February 14th 2023. Hala acquired paymennt.com for undisclosed valuation.
Latest Acquisitions by Hala
| Description | Paymennt.com is a Berlin-based mobile-first payments platform that allows micro and small businesses to accept online payments, in-person taps, and link-based transactions. The solution supports cards, Apple Pay, and SEPA transfers with instant settlements. Paymennt targets Europe with no-code integrations for e-commerce sites like Shopify. |
| HQ Country | |
| HQ City | Abu Dhabi |
| Deal Date | 14 Feb 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Hala acquisitions and their M&A valuation multiples. Start Free Trial | |
Hala Competitors
Hala competitors include listed companies like PicPay and PaySign, and private ones like TNG FinTech Group, Sipay, Satispay and Interswitch.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $860M | - | ||
| Publicly listed | $1.2B | $205M | $1.2B | 0.5x | ||
| Private | $600M | - | $875M | 1.5x | ||
| Private | $160M | - | $980M | 6.1x | ||
| Private | $300M | - | $1B | 3.3x | ||
| Publicly listed | $82M | $16M | $701M | 6.4x |
Hala Public Comps
Hala is still privately-owned, but its public comps include Worldline, Wema Bank, Eurowag, Forbright Bank, Superbank Indonesia, SY Holdings Group, Agibank, Judo Bank, Green Dot and Bank Jago.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.6B | ($5.2B) | 0.6x | 0.7x | (0.6x) | 3.8x | |||
| $312M | - | 2.8x | - | - | - | |||
| $2.7B | $119M | 0.5x | 3.0x | 10.3x | 7.5x | |||
| $325M | - | 2.9x | - | - | - | |||
| $89M | - | 10.8x | - | - | - | |||
| $135M | $120M | 5.8x | - | 6.5x | - | |||
| $1.3B | $227M | 0.8x | 0.6x | 4.4x | 5.3x | |||
| $368M | - | 2.2x | 2.1x | - | - | |||
This data is available for Pro users. Sign up to see all Hala competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Hala
| When was Hala founded? | Hala was founded in 2016. |
| Where is Hala headquartered? | Hala is headquartered in Riyadh, Saudi Arabia. |
| Is Hala publicly listed? | No, Hala is a private, VC-backed company. |
| What is Hala's valuation? | Hala was last valued at $900M in its Series B in September 2025. |
| How much funding has Hala raised? | Hala has raised $164M across 3 funding rounds. |
| What was Hala's last funding round? | Hala's last funding round was a $157M Series B in September 2025, led by Sanabil and The Rise Fund. |
| Who are Hala's investors? | Hala's investors include Oqal, Impact46, Wamda Capital, Sanabil, The Rise Fund and Khwarizmi Ventures. |
| Which companies are comparable to Hala? | Companies comparable to Hala include TNG FinTech Group, PicPay, Sipay, Satispay, Interswitch and PaySign. |
| How many companies has Hala acquired? | Hala has acquired 1 company, including paymennt.com. |
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