Fundz

Hala raises fresh funds from private equity giant TPG

PRIVATEMay 25, 2024

Round Type

Private Equity

RiyadhFinancial Services

Investors

Tpg

Description

Riyadh-headquartered fintech Hala has secured fresh funding from private equity firm TPG, with specific details of the funding not disclosed publicly yet.

Quick answer

HALA raised an undisclosed amount in a Private Equity round, dated May 25, 2024. Investors: Tpg. HALA is based in Riyadh, Riyadh Region, Saudi Arabia.

How much did HALA raise?
HALA raised an undisclosed amount in a Private Equity round on May 25, 2024.
Who invested in HALA?
Tpg is named as investors in this round.
What does HALA do?
Hala is one of the leadingFintech companies in the region with its holding company in UAE and its headquarters in Saudi Arabia.
Where is HALA based and how big is it?
HALA is based in Riyadh, Riyadh Region, Saudi Arabia.
Who are the decision-makers at HALA?
Fundz holds 1 contact at HALA. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as HALA that raised within 45 days of this round, from Fundz verified event records.

  • Trustap raised $5.5M (Series A) on July 9, 2024.
  • Tokinvest raised $500K (Pre-Seed) on July 9, 2024.
  • Canoe raised $36M (Series C) on July 9, 2024.
  • Nala raised $40M (Series A) on July 9, 2024.
  • MetaWealth raised $2.2M (Pre-Series A) on July 9, 2024.
  • Idle raised $2.4M (Funding Round) on July 9, 2024.

Who to call at HALA, and when

A new round usually means HALA is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day HALA raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at HALA, from your own LinkedIn network

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Company Information

Company

HALA

Location

Riyadh, Riyadh Region, Saudi Arabia

About

Hala is one of the leadingFintech companies in the region with its holding company in UAE and its headquarters in Saudi Arabia. Hala currently serves more than 50,000 SME’s mainly in Saudi arabia and processes more than USD 3 billion worth of annualized transactions. Hala empowers entrepreneurs and SMEs to start, run and grow their businesses with cutting edge financial solutions and digital tools. Hala is simply building the Future Bank of SME’s.

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HALA raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.