Summary:
Hala, a Saudi fintech, raised $157 million in a major funding round.
The investment was led by TPG and Sanabil, valuing the company at around $900 million.
This is one of the largest early-stage fundraises in the Middle East.
Major Investment in Middle Eastern Fintech
Hala, a fintech company based in Saudi Arabia, has successfully raised $157 million in one of the largest funding rounds ever for an early-stage startup in the Middle East.
Key Investors and Valuation
The funding round was spearheaded by TPG and Sanabil, a subsidiary of Saudi Arabia's sovereign wealth fund. This significant investment has propelled Hala's valuation to approximately $900 million, according to sources familiar with the details.
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