- Sanabil Venture Studio Leads $4 Million Investment Round for Nayla Financing
- Funding Deal Aims to Accelerate Nayla’s Expansion Plans and Strengthen Its Lending Portfolio
- Financing Targets Entrepreneurs Seeking Easy Access to Funding
Nayla Financing, a company specializing in providing financial solutions for micro-enterprises, has raised $4 million in a seed investment round led by Sanabil Venture Studio.
According to Nayla, the funding aims to accelerate the company’s expansion plans, enhance its lending portfolio, and provide the necessary capital for micro-enterprises in Saudi Arabia.
By simplifying the lending process through a data-driven credit assessment model and a fully digital financing journey, Nayla seeks to empower small entrepreneurs with easy access to funding, bypassing traditional banking complexities.
The company also plans to use the new investment to enhance its data-backed credit evaluation systems, enabling faster and more accurate lending decisions.
Additionally, Nayla is expanding its reach through strategic partnerships with e-commerce platforms, food and beverage aggregators, and merchant networks.
Furthermore, $2.7 million of the funding will be allocated as additional debt financing to strengthen its lending portfolio.
It is worth noting that Nayla Financing is a fintech company specializing in microfinance, aiming to support entrepreneurs through its cloud-based lending platform.
The platform offers flexible and fast financing solutions tailored to meet the needs of small businesses.
Currently, Nayla is in the process of obtaining its license from the Saudi Central Bank (SAMA) and is preparing to officially launch its operations in the second quarter of 2025.
