A leading Pakistani fintech firm, Haball, has raised fifty-two million dollars funding to expand its Shariah-compliant supply chain financing and payments services.

According to a statement, supply chain finance in Pakistan is emerging, but is expected to be worth over nine billion dollars.

The fifty-two million pre-Series-A funding round consists upon equity investment and a strategic financing allocation.

The round's equity component of five million dollar was led by Zayn VC, which is Pakistan's premier venture capital firm while the strategic financing component of forty-seven million dollars was provided by Meezan Bank Limited.

It will support Haball in consolidating its market leadership in Pakistan and drive a targeted expansion into the GCC member countries. The firm is also exploring additional market entries across the Middle East, such as in the UAE and Qatar and Asia.

The leading Pakistani fintech firm, Haball, provides Shariah-compliant financing to SMEs and multinationals, streamlining transactions for businesses via an end-to-end solution incorporating payment collection, digital invoicing, tax compliance and financing.