Latest news with #Nayla
CairoScene
24-03-2025
- Business
- CairoScene
Saudi Nayla Finance Secures $4 Million to Boost Micro-Business Lending
The fintech startup plans to enhance SME financing with an additional $2.7 million allocated for debt financing. Mar 24, 2025 Nayla Finance, a Saudi Arabian fintech platform specialising in lending solutions, has raised $4 million in a seed funding round led by Sanabil Venture Studio by Stryber. The capital injection aims to expand Nayla's digital lending services to micro and small businesses across the Kingdom. In addition to the equity funding, Nayla plans to deploy an extra $2.7 million in debt financing to build its loan portfolio, providing essential capital to micro-businesses in sectors such as food and beverage, e-commerce, and retail. This strategic move is designed to enhance financial inclusion and support the growth of small enterprises that are often underserved by traditional banking institutions. Nayla's platform enables small and medium-sized enterprises (SMEs) to access financing of up to SR 100,000 through a fully digital process tailored specifically for their needs. The company's approach utilises alternative data sources and advanced risk assessment models to evaluate creditworthiness, aiming to simplify the borrowing process for SMEs and promote economic growth within the sector.
Wamda
24-03-2025
- Business
- Wamda
Nayla Finance to boost operations in KSA with $4 million seed investment
Saudi Arabia-based fintech Nayla Finance has secured $4 million in seed funding, led by Sanabil Venture Studio by Stryber. Founded in 2024 by Shaqran Alyahya and Khalid Naili, Nayla offers small businesses microfinance solutions. The funds will be used to fuel product and business expansion, alongside building Nayla's loan book and providing essential capital to micro-businesses across Saudi Arabia. Press release: Nayla Finance, a fintech reshaping access to funding for micro-businesses, has successfully secured $4 million in seed funding, led by Sanabil Venture Studio by Stryber. The funds will be used to fuel product and business expansion, alongside building Nayla's loan book and providing essential capital to micro-businesses across Saudi Arabia. This investment marks a major milestone for Nayla Finance, accelerating its mission to provide fast, accessible, and technology-driven financing solutions for micro businesses. The funds will be used to enhance Nayla's data-driven lending platform, scale operations, and expand partnerships within key sectors such as F&B, e-commerce, and retail. 'Our ambition is bold, and our team is relentless,' said Shaqran Alyahya, Co-founder & CEO of Nayla Finance. 'We are building what others hesitate to—empowering important drivers of the Saudi economy with financial solutions designed for their reality.' Khalid Naili, Co-founder & Chief Risk Officer, added: 'Traditional lenders hesitate to finance microbusinesses 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.' By simplifying the lending process through data-driven credit assessments and seamless digital journeys, Nayla Finance ensures that small business owners can access financing without the friction of traditional banking requirements. With the newly secured funding, Nayla Finance plans to: This funding milestone aligns with Saudi Vision 2030's push toward financial inclusion and digital transformation in the SME sector.
Zawya
24-03-2025
- Business
- Zawya
Nayla empower micro-businesses in Saudi Arabia via $4mln funding
Riyadh – Saudi financial institution Nayla Finance has secured $4 million in a seed funding round, led by Sanabil Venture Studio by Stryber, according to a press release. Nayla will use the funds to expand its products and business, deploy an additional $2.70 million in debt financing to build the loan book and provide essential capital to micro-businesses across Saudi Arabia. The company will enhance its data-powered credit scoring for faster and more accurate lending decisions. This is in addition to scaling its reach through strategic partnerships within key sectors, such as food and beverage (F&B), e-commerce, and retail. Shaqran Alyahya, Co-Founder and CEO of Nayla, commented: 'We are building what others hesitate to—empowering important drivers of the Saudi economy with financial solutions designed for their reality.' Khalid Naili, Co-Founder and Chief Risk Officer of Nayla, mentioned: 'By leveraging technology, alternative data, and advanced risk models, we are redefining creditworthiness and unlocking financing for businesses that drive the economy.' Nayla aims to simplify the lending process through data-driven credit assessments and a seamless digital journey to enable small business owners to access financing without the friction of traditional banking requirements. Source: Mubasher
Zawya
23-03-2025
- Business
- Zawya
Nayla Finance secures $4mln in seed funding led by Sanabil Venture Studio by Stryber
Riyadh, Saudi Arabia – Nayla Finance, a fintech reshaping access to funding for micro-businesses, has successfully secured $4M in seed funding, led by Sanabil Venture Studio by Stryber. The funds will be used to fuel product and business expansion, alongside building Nayla's loan book and provide essential capital to micro-businesses across Saudi Arabia. This investment marks a major milestone for Nayla Finance, accelerating its mission to provide fast, accessible, and technology-driven financing solutions for micro businesses. The funds will be used to enhance Nayla's data-driven lending platform, scale operations, and expand partnerships within key sectors such as F&B, e-commerce, and retail. 'Our ambition is bold, and our team is relentless,' said Shaqran Alyahya, Co-founder & CEO of Nayla Finance. 'We are building what others hesitate to—empowering important drivers of the Saudi economy with financial solutions designed for their reality.' Khalid Naili, Co-founder & Chief Risk Officer, added: ' Traditional lenders hesitate to finance microbusinesses 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.' By simplifying the lending process through data-driven credit assessments and seamless digital journey, Nayla Finance ensures that small business owners can access financing without the friction of traditional banking requirements. Looking Ahead: Scaling Micro-Business Lending in KSA With the newly secured funding, Nayla Finance plans to: Enhance its data-powered credit scoring for faster and more accurate lending decisions. Expand its reach through strategic partnerships with e-commerce platforms, F&B aggregators, and merchant networks. Deploying an additional $2.7m debt financing to build the loan book. This funding milestone aligns with Saudi Vision 2030's push toward financial inclusion and digital transformation in the SME sector. About Nayla Finance Nayla Finance is a technology-driven microfinance company dedicated to empowering microbusinesses in Saudi Arabia. Through its cloud-based lending platform, Nayla provides fast and accessible financing solutions tailored to the needs of small entrepreneurs. Nayla Finance is also in the final stage of obtaining its license from the Saudi Central Bank (SAMA) and expects to officially launch operations in Q2 2025. About Sanabil Venture Studio by Stryber: Nayla Finance is the first venture in the fintech sector carved out from Sanabil Venture Studio, a strategic initiative by Sanabil Investments in partnership with Stryber to build scalable technology ventures in Saudi Arabia. The Venture Studio focuses on three key sectors within the PIF Strategic Pillar Program: Fintech, Consumer Goods, and Entertainment, Leisure & Sports, with operations launching in 2023. As of today, the studio has deployed around $20 million in total funding across 7 ventures, driving innovation across its focus sectors in Saudi Arabia. Media Contact: Shaqran Alyahya Co-founder & CEO, Nayla Finance shaqran@ Social Media Nayla Finance LinkedIn Page: X Account:
Yahoo
04-03-2025
- Entertainment
- Yahoo
Forever Home: Two 'paw-some' adoption updates
This week's edition of Forever Home keeps us in-studio so we can showcase the backlog of Your Pet Photos while also updating you on some really 'paws-itive' news from Queen City Cats. A couple of our former Forever Home features have finally been adopted! You all have to remember Nayla from Queen City Cats, right? She's the fun-loving, chonky, and very playful girl who was on a weight loss journey when we first met. We were introduced to Nayla around the start of the year, but it wasn't until just recently that she secured her Forever Home and human. Their adoption day photos are so sweet, and they look like two peas in a pod. Congratulations to Nayla and her adopter! We have another Queen City Cat and Forever Home alumni that found their permanent human recently, and they didn't even have to go far. Mercy is a gorgeous, female, tux cat that we met many months ago. The owner and founder of Queen City Cats, Miche, just recently adopted Mercy herself and is giving her a new opportunity to enjoy life to its fullest. Mercy couldn't have asked for a better adopter than Miche, someone who is at the top of their cat game all day, every day. We have a Forever Home episode tentatively scheduled for next Tuesday, but it will be another round of Your Pet Photos and adoption updates (from Central Vermont Humane Society). The next time we will introduce you to a new pet for adoption will be around mid-March with our friends at the North Country Animal League. Until then, be well and take care! Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
