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hala.com

Founded Year

2016

Stage

Series A | Alive

Total Raised

$6.5M

Last Raised

$6.5M | 1 yr ago

Mosaic Score

+20 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Hala

Hala is a fintech platform allowing SMEs to manage their inbound and outbound payments in a simple yet safe way.

Hala Headquarter Location

6533 Al Ulaya, Al Wurud Dist. Unit No. 15

Riyadh, 12251,

Saudi Arabia

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Expert Collections containing Hala

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Hala is included in 2 Expert Collections, including Payments.

P

Payments

1,949 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

S

SMB Fintech

1,145 items

Latest Hala News

Women brew brighter future in DR Congo coffee initiative

Apr 12, 2022

Capital Business Women sort coffee at the Hala washing station to remove waste and dirt on the island of Idjwi in the Democratic Republic of Congo, on March 23, 2022. - The Rebuild Women's Hope Association offers a space to buy and clean the coffee harvested by the community in Idjwi to allow them to earn some money through their daily harvest. (Photo by Guerchom NDEBO / AFP) By Idjwi Island, DR Congo April 12-The afternoon sun beats down on Lake Kivu in eastern Democratic Republic of Congo, where on an island, row after row of coffee bushes are bringing forth a rich harvest of berries. And the main beneficiaries will be women — the outcome of an equity project in a sector where women are notoriously sidelined and under-paid. “Women are the ones who work the land, but when it comes to harvesting (the crop) and marketing (it), they get pushed aside — it becomes a man’s business,” said Marcelline Budza, a 33-year-old feminist and entrepreneur. “That was what disgusted me.” Nine years ago, Budza founded an NGO called Rebuild Women’s Hope (RWH) to expand the role of women in the Democratic Republic of Congo’s coffee sector. RWH set its eyes on Idjwi, an island of some 300 square kilometres (115 square miles) located in the middle of Lake Kivu, where some of the world’s most-lauded coffee is grown. Arabica coffee from Idjwi has a worldwide reputation — a richness that comes from being grown at high altitude, in dark volcanic soil and without chemical fertilisers. “It’s exceptional,” said Daniel Abamungu Cinyabuguma, manager of the Muungano agricultural cooperative in Goma, on the shore of the great lake. The berries are picked, washed and  sorted before being allowed to ferment and then dry — labour-intensive work that in the DRC has long been dominated by men. Advertisement. Scroll to continue reading. “Men denigrate the women, saying that coffee growing isn’t for them,” Budza said. Overcoming prejudice — not to mention red tape, tax demands, fraud and lack of credit — has taken years of effort, which are now being rewarded, she said. Today, RWH employs at least 12,000 women at the peak of the coffee-harvesting season. The women chiefly work in processing the coffee and in office administration, and are paid at the same rate as the nearly 900 men. “My goals are being achieved,” said Budza. “Women can now smile, they can be financially independent.” Rosette Nyakalala Bisengi, a 24-year-old cultivator and coffee sorter confirmed things had improved. But she still earns only 2,500 Congolese francs ($1.25) a day and would like to double that. Even so, she said, “I have enough money to buy a goat, a chicken… I send my children to school, I buy them clothes.” RWH produces between six and 10 containers of coffee per harvest, each holding 19 tonnes of coffee. The coffee comes from its own fields, but also from a number of small producers. Advertisement. Scroll to continue reading. “Our coffee is consumed in the United States, Europe and Asia. We have really good results,” said Budza. “We hope to expand and reach 20 containers (per harvest), using only local labour.” 0

Hala Web Traffic

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  • When was Hala founded?

    Hala was founded in 2016.

  • Where is Hala's headquarters?

    Hala's headquarters is located at 6533 Al Ulaya, Al Wurud Dist., Riyadh.

  • What is Hala's latest funding round?

    Hala's latest funding round is Series A.

  • How much did Hala raise?

    Hala raised a total of $6.5M.

  • Who are the investors of Hala?

    Investors of Hala include Impact 46, Wamda Capital and ADGM RegLab.

  • Who are Hala's competitors?

    Competitors of Hala include Paymob, Rewire, stc pay, HyperPay, Xpence and 8 more.

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