Riyadh - Sharikat Mubasher: Hala Payments, a leading fintech company based in Saudi Arabia, joined the Saudi Unicorn Program after securing over $7 billion in transactions, serving more than 110,000 merchants across the Kingdom.

The company sets its sights on a potential initial public offering (IPO) while contributing to the Kingdom’s fintech leadership on the global stage, a recent statement unveiled.

The Saudi Unicorn Program offers a comprehensive range of services and resources, including skill-building for founders, facilitating connections with investment funds, supporting market expansion, and providing access to a global network of industry experts.

This achievement reflects Hala’s commitment to shaping the future of SME banking, in alignment with Vision 2030’s goals of fostering innovation, economic diversification, and digital transformation.

Esam Alnahdi, Co-founder and Chairman of Hala, said: “Hala’s inclusion in this prestigious program reflects our deep commitment to Saudi Vision 2030. As we continue our global expansion, we are not only scaling our business but also contributing to Saudi Arabia’s position as a leader in fintech innovation.”

He further noted that the company aspires to expand its impact across the Middle East and North Africa (MENA) region and beyond.

Through the Saudi Unicorns Program, Hala will benefit from opportunities to attract top talent, access new markets, and build strategic partnerships with government entities and global leaders in the fintech space.

Moreover, the program will accelerate Hala’s growth and promote its ability to deliver tailored financial solutions to micro, small, and medium-sized enterprises (MSMEs).