Nayla Finance, a fintech company making it easier for small businesses to get funding, has raised $4M in seed funding from Sanabil Venture Studio by Stryber. The money will help grow their products and business, build their loan book, and provide needed capital to micro-businesses in Saudi Arabia.
This investment is a big step for Nayla Finance, helping them move faster toward their goal of offering quick easy and tech-driven financing solutions to small businesses. The funds will improve Nayla’s lending platform, expand their operations and grow partnerships in sectors like food and beverage, e-commerce and retail.
Shaqran Alyahya, Co-founder & CEO of Nayla Finance said, “Our ambition is bold, and our team is relentless, We are building what others hesitate to—empowering important drivers of the Saudi economy with financial solutions designed for their reality.”
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Khalid Naili, Co-founder & Chief Risk Officer, added: “Traditional lenders hesitate to finance micro businesses 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.”
Nayla Finance makes it easier for small business owners to get loans by using data-driven credit checks and a smooth digital process, removing the hassle of traditional banking.
With the new funding, Nayla Finance plans to:
Improve its credit scoring system to make lending decisions faster and more accurate.
Expand its reach by partnering with e-commerce platforms, food and beverage services, and merchant networks.
Use an additional $2.7M in debt financing to grow its loan book.
This funding supports Saudi Vision 2030’s goals of increasing financial inclusion and digital growth in the small business sector.
About Nayla Finance
Nayla Finance is a tech-driven microfinance company that supports small businesses in Saudi Arabia. Through its cloud-based platform, Nayla provides fast and simple loans for small business owners.
