Nayla Finance to boost operations in KSA with $4 million seed investment

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  • Funding Success: Nayla Finance, a Saudi fintech, secured $4 million in seed funding led by Sanabil Venture Studio by Stryber.

  • Microfinance Focus: Founded in 2024, Nayla aims to provide microfinance solutions to small businesses, addressing a critical funding gap in the sector.

  • Utilization of Funds: The investment will enhance Nayla’s technology-driven lending platform, expand operations, and develop strategic partnerships, particularly in the food and beverage, e-commerce, and retail sectors.

  • Innovative Approach: Nayla leverages technology and alternative data to redefine creditworthiness, enabling access to financing for micro-businesses often overlooked by traditional lenders.

  • Alignment with Vision 2030: This funding milestone supports Saudi Arabia’s goals for financial inclusion and digital transformation within the SME sector.

  • Saudi Arabia-based fintech Nayla Finance has secured $4 million in seed funding, led by Sanabil Venture Studio by Stryber.

  • Founded in 2024 by Shaqran Alyahya and Khalid Naili, Nayla offers small businesses microfinance solutions.

  • The funds will be used to fuel product and business expansion, alongside building Nayla’s loan book and providing essential capital to micro-businesses across Saudi Arabia. 

Press release:

Nayla Finance, a fintech reshaping access to funding for micro-businesses, has successfully secured $4 million in seed funding, led by Sanabil Venture Studio by Stryber. The funds will be used to fuel product and business expansion, alongside building Nayla’s loan book and providing essential capital to micro-businesses across Saudi Arabia. 

This investment marks a major milestone for Nayla Finance, accelerating its mission to provide fast, accessible, and technology-driven financing solutions for micro businesses. The funds will be used to enhance Nayla’s data-driven lending platform, scale operations, and expand partnerships within key sectors such as F&B, e-commerce, and retail.

“Our ambition is bold, and our team is relentless,” said Shaqran Alyahya, Co-founder & CEO of Nayla Finance. “We are building what others hesitate to—empowering important drivers of the Saudi economy with financial solutions designed for their reality.”

Khalid Naili, Co-founder & Chief Risk Officer, added: “Traditional lenders hesitate to finance microbusinesses due to limited financial history and perceived risk, but at Nayla, we see opportunity where others see uncertainty. By leveraging technology, alternative data, and advanced risk models, we are redefining creditworthiness and unlocking financing for businesses that drive the economy.” 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. We are excited to support Nayla’s journey in creating a more inclusive and dynamic financial ecosystem.”

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

With the newly secured funding, Nayla Finance plans to:

  • Enhance its data-powered credit scoring for faster and more accurate lending decisions.

  • Expand its reach through strategic partnerships with e-commerce platforms, F&B aggregators, and merchant networks.

  • Deploying an additional $2.7m debt financing to build the loan book.

This funding milestone aligns with Saudi Vision 2030’s push toward financial inclusion and digital transformation in the SME sector.

Here’s a breakdown of the information provided regarding Nayla Finance:

Startup Information

  • Startup Name: Nayla Finance
  • Founded: 2024
  • Founders:
    • Shaqran Alyahya (Co-founder & CEO)
    • Khalid Naili (Co-founder & Chief Risk Officer)

Funding Information

  • Total Fundraise: $4 million
  • Funding Series: Seed funding
  • Lead Investor: Sanabil Venture Studio by Stryber

Purpose of Funds

The funding will be used for:

  1. Product and business expansion
  2. Building Nayla’s loan book
  3. Providing essential capital to micro-businesses across Saudi Arabia

Strategic Goals

Nayla Finance aims to:

  • Enhance data-powered credit scoring for lending decisions
  • Expand reach through partnerships with e-commerce platforms, F&B aggregators, and merchant networks
  • Deploy an additional $2.7 million in debt financing to build the loan book

Comments from Stakeholders

  • Shaqran Alyahya: Emphasized the mission to empower micro-businesses.
  • Khalid Naili: Highlighted the opportunities in financing micro-businesses through technology and alternative data.
  • Rayan Aebi (Sanabil Venture Studio CEO): Stressed the importance of fintech innovation in addressing funding gaps for micro-businesses.

Relevance to Broader Initiatives

This funding supports Saudi Vision 2030’s goals for financial inclusion and digital transformation in the SME sector.

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