Saudi-based fintech Nayla Finance Secures $4M Seed Funding
Saudi-based fintech Nayla Finance has raised $4 million in seed funding, led by Sanabil Venture Studio by Stryber, to scale operations and expand its product offering across the Kingdom.
Founded in 2024 by Shaqran Alyahya and Khalid Naili, Nayla provides microfinance solutions tailored for small businesses in sectors such as F&B, e-commerce, and retail. The capital will support the company’s business growth, strengthen its loan book, and deliver essential financing to underserved micro-businesses.
As part of the growth plan, Nayla will also deploy an additional $2.7 million in debt financing to expand its loan book, enhance its data-driven lending platform, and forge partnerships with e-commerce platforms and merchant networks.
“This is a bold step toward reshaping financial access for micro-entrepreneurs in Saudi Arabia,” said Shaqran Alyahya, Co-founder & CEO. “We’re empowering those often overlooked by traditional lenders.”
Khalid Naili, Co-founder & Chief Risk Officer, added: “By leveraging alternative data and advanced risk models, we’re redefining creditworthiness and opening up new financing pathways.”
Rayan Aebi, CEO of Sanabil Venture Studio, commented: “Nayla is addressing a critical gap in SME financing. We’re proud to back their mission to build a more inclusive fintech ecosystem in line with Saudi Vision 2030.”
