Riyadh - Sharikat Mubasher: Nayla Finance, a Saudi fintech revolutionizing the SME financing landscape in the Kingdom, secured $4 million in a seed funding round led by Sanabil Venture Studio by Stryber.

Nayla will use the investment to accelerate products and business expansion, deploy an additional $2.7 million debt financing to build its loan book, and provide essential capital to micro-businesses across Saudi Arabia, the company announced in a press release today.

The funds will also help Nayla enhance its data-driven lending platform, scale operations, and expand partnerships within key sectors such as F&B, e-commerce, and retail.

This investment represents a significant milestone for Nayla, accelerating its mission to provide fast, accessible, and technology-driven financing solutions for micro businesses.

Khalid Naili, Co-founder and Chief Risk Officer at Nayla Finance affirmed the company’s commitment to redefining creditworthiness and unlocking financing for businesses that drive the economy by leveraging technology, alternative data, and advanced risk models.

For his part, Rayan Aebi, CEO of Sanabil Venture Studio and General Partner of the Fund, commented: “Nayla Finance is tackling a critical funding gap for micro-businesses, a segment forming the backbone of the Kingdom’s SME sector. At Sanabil Venture Studio by Stryber, we believe that fintech innovation is key to unlocking new economic potential.”

By simplifying the lending process through data-driven credit assessments and a seamless digital journey, Nayla Finance ensures that small business owners can access financing without the friction of traditional banking requirements.

It is worth noting that Nayla Finance is in the final stage of obtaining its license from the Saudi Central Bank (SAMA) and expects to officially launch operations in the second quarter (Q2) of 2025.