Saudi-based fintech Nayla Finance has raised $4 million in seed funding, led by Sanabil Venture Studio by Stryber, to enhance its data-driven lending platform and expand operations.
Founded in 2024 by Shaqran Alyahya and Khalid Naili, Nayla Finance aims to simplify access to capital for micro-businesses, addressing challenges traditional lenders often overlook. The company leverages alternative data and advanced risk models to assess creditworthiness, unlocking financing opportunities for underserved businesses in key sectors like e-commerce, retail, and food & beverage.
“Our ambition is bold,” said Nayla Finance CEO Shaqran Alyahya. “We are empowering key drivers of the Saudi economy with financial solutions designed for their reality.”
With the new funding, Nayla Finance plans to:
- Strengthen its AI-driven credit scoring system.
- Expand partnerships with e-commerce and merchant aggregators.
- Deploy $2.7 million in debt financing to scale its loan book.
This investment aligns with Saudi Vision 2030’s goals of financial inclusion and SME digital transformation. “Fintech innovation is key to unlocking economic potential,” said Rayan Aebi, CEO of Sanabil Venture Studio.
By providing fast, accessible financing, Nayla Finance is set to transform micro-business lending in Saudi Arabia, driving economic growth.
