Saudi Fintech Nayla Raises $18 Mn to Expand AI-Powered Lending

The equity part of the round was led by Idrisi Ventures, with investment from Suhail Ventures and other strategic investors. BLOMINVEST led the debt financing.

Nayla was created through Sanabil Studio. The company said this makes Nayla the first startup launched by the studio to successfully raise institutional funding.

Nayla provides AI-powered lending solutions that help micro-businesses in Saudi Arabia get fast and digital financing. Its goal is to make it easier for small businesses to access the money they need to grow.

The company will use the new funding to improve its AI lending technology and make financing available to more micro-businesses across Saudi Arabia.

Nayla said its growth plans support Saudi Arabia’s Vision 2030 and the important role that small businesses play in the country’s economy.

The company also thanked its investors and partners for their support. Nayla said it will continue developing new financing products to help its customers grow their businesses.

Nayla was founded in 2024 by Shaqran Alyahya and Khalid Naili. The company provides AI-powered lending solutions for small businesses in Saudi Arabia.

Nayla helps micro-businesses get faster and easier access to digital financing, giving them more opportunities to manage and grow their businesses.

The new funding will be used to improve Nayla’s AI lending products and make financing available to more micro-businesses across Saudi Arabia.