Behind The Scenes Of Saudi Fintech Startup Hala’s Acquisition Of UAE-Based Online Payment Platform Paymennt – Entrepreneur

Behind The Scenes Of Saudi Fintech Startup Hala’s Acquisition Of UAE-Based Online Payment Platform Paymennt – Entrepreneur

Saudi Arabia-based fintech startup Hala has acquired UAE-based online payment platform Paymennt.com (Paymennt).

Founded in 2018, Hala is a fintech platform that offers financial services and digital tools to empower small and medium enterprises (SMEs) in their growth and expansion journeys. Regulated by the Saudi Central Bank, Hala's point-of-sale solution is a device that can be activated in as little as 15 minutes before it is delivered to any given location. Merchants using the Hala platform can also process card payments without the need of a bank account, as long as they own a legally registered trade license.