Summary
Karachi-based supply chain fintech Haball has announced it processed over $3 billion in B2B payments and closed a $52 million pre-Series A funding round. While consumer wallets and digital banking get most of the headlines in Pakistan's fintech scene, Haball has spent eight years building the business-to-business finance plumbing. The platform lets businesses send and receive payments digitally, issue compliant invoices, and access working capital — all Shariah-compliant.
Key Facts
- Haball processed over $3 billion in B2B payments
- Closed $52 million pre-Series A funding round
- Founded 2017 by Omer bin Ahsan
- Serves nearly 8,000 SMEs across Pakistan, plus multinationals (including Coca-Cola)
- Round structure: $5M equity led by Zayn VC + $47M strategic financing from Meezan Bank (largest Islamic bank)
- Meezan Bank rated AAA/A-1+, partnering with Haball since 2018
- Supply chain finance addressable market in Pakistan estimated over $9 billion
- Fewer than 5% of Pakistani small businesses can get financing from commercial bank
- Disbursed over $110 million in financing, plus $3 billion in B2B payments
- First fintech in Pakistan with FBR licence for digital invoicing
- Selected by State Bank of Pakistan as multi-bank supply chain financing platform
- Forbes Asia 100 To Watch list (August 2025)
- Plans to enter Saudi Arabia, exploring UAE and Qatar
Why It Matters
Haball's $52 million pre-Series A and $3 billion in B2B payments milestone highlight the substantial opportunity in Pakistan's B2B finance — a segment often overshadowed by consumer wallets. The hybrid round structure — $5M venture equity plus $47M strategic Islamic financing from Meezan Bank — represents a notable model of bank-fintech partnership, where an established lender uses a digital platform to reach thousands of SMEs it could never serve through branches alone. The addressable market (over $9 billion in supply chain finance) and the severe credit gap (fewer than 5% of SMEs financed by commercial banks) underscore the opportunity. Haball's Shariah-compliant model and its FBR/State Bank regulatory moats position it strongly, with Gulf expansion into Saudi Arabia, UAE and Qatar planned. The raise signals growing investor interest in Islamic-compliant B2B fintech infrastructure in emerging markets.