Haball
“Can a Pakistan-born Shariah-compliant B2B supply chain payments and financing platform become the dominant Islamic SME finance infrastructure across the GCC?”
Founded2017
HQKarachi, Pakistan
FoundersOmer bin Ahsan
Total raised$52M (pre-Series A, 2025)
Latest roundPre-Series A, 2025
IndustryFintech / SMB banking
The story
Founded in 2017 as a B2B supply chain payments fintech in Pakistan, Haball built out an open-loop, multi-bank corporate payment gateway (Blink) integrated with 26+ Pakistani banks. It layered on Wisaaq, a Shariah-compliant Islamic supply chain financing platform, in partnership with Meezan Bank and other lenders. Following a $52M pre-Series A in 2025 (including a $47M financing allocation from Meezan Bank), Haball is expanding beyond Pakistan into Saudi Arabia and the wider GCC to serve Islamic SME financing demand.
Product timeline
2017
Haball founded in Karachi as a B2B supply chain payments fintech.· founding
2018
Partnered with Meezan Bank to launch a B2B digital payment solution.· banking
2021
Karandaaz Pakistan Pilot to Scale program to digitize an entire retail value chain.· pivot
2022
Partnership with Bank Alfalah to launch digital supply chain lending in Pakistan.· lending
2023
Partnerships with UBL, Faysal Bank, Hutchison Ports, and Telenor Microfinance Bank + Meezan Bank.· banking
2025
Raised $52M pre-Series A led by Zayn VC; announced KSA market entry.· funding
The stack
3 layers disclosed in Haball’s embedded-finance stack
Payments / PSP
Blink (self-operated)
Lending
in the full report
Sponsor bank
in the full report
Accounting gap: minor
12 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.