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Nayla Finance, a Riyadh-based fintech, has raised $4 million in seed funding led by Sanabil Venture Studio to enhance micro-business lending in Saudi Arabia. The investment will facilitate the development of a data-driven lending platform, expand its loan offerings, and support partnerships in key sectors like e-commerce and retail. Co-founder Shaqran Alyahya emphasized the importance of tailored financial solutions for micro-businesses, which are vital to the Saudi economy.
Nayla Finance has secured $4 million in seed funding, led by Sanabil Venture Studio, to enhance its operations in Saudi Arabia. The fintech startup focuses on providing accessible financing solutions for micro-businesses by leveraging technology and alternative data, aligning with Saudi Vision 2030's goals of financial inclusion and digital transformation. The funds will be used to strengthen its data-driven lending platform and expand partnerships in key sectors.
Nayla Finance has secured USD 4 million in seed funding to enhance its platform and support micro-businesses in Saudi Arabia. The startup aims to provide accessible financing solutions, build its loan book, and expand partnerships in key sectors like F&B, e-commerce, and retail. By leveraging technology and data-driven assessments, Nayla Finance seeks to simplify the lending process for small entrepreneurs.
Rayan Aebi
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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