Hawala Raises $3 Million to Build Financial Infrastructure Connecting Emerging Markets Across MENA and the World.

NEW YORK - October 30, 2025 -- Hawala Technologies, Inc. (“Hawala” or the “Company”), a financial technology company building the modern infrastructure and platform connecting emerging markets across MENA with the global economy, today announced a $3 million funding round led by Pharsalus Capital, with participation from Alumni Ventures. The round also included prominent angel investors such as Naguib Sawiris (Chairman, Orascom Development Holding), Hany Rashwan (Co-Founder & CEO, 21.co), Arnold Lee (Co-Founder & CEO, Sphere Labs), Carl Lin (Founding Engineer, Solana), among others.

Hawala is leading the development of the infrastructure that connects MENA’s financial systems to the global economy, unifying fragmented local networks into a single, modern framework for cross-border payments and global access. The company is delivering advanced payment technology and global connectivity across the region, giving people and businesses the same stability, transparency, and speed that define leading financial markets. By building the platform that links MENA’s emerging economies with global markets, Hawala is enabling a new era of access and growth across the region.

With Hawala, users from more than 200 countries can create a U.S. account and routing number or a European IBAN, allowing them to hold digital USD, and EUR directly in their Hawala Wallet. This gives individuals access to stable, globally connected financial tools and lays the foundation for businesses in the region to participate more easily in international commerce. The platform supports local currency withdrawals in over 40 markets. By combining this global reach with local accessibility, Hawala is creating a truly connected financial network.

“Emerging markets across MENA are at the center of the next phase of global growth,” said Omar Hamade, founder and CEO of Hawala. “The GCC has become a global pioneer in financial innovation, serving as the region’s gateway to the world. Yet hundreds of millions of people and millions of businesses across MENA still lack access to modern global markets. Hawala is building the infrastructure to bridge that gap, giving users the stability, access, and opportunity they need to grow in today’s economy.”

“Hawala is building the financial backbone for one of the most dynamic regions in the world,” said Anthony Ghosn, Founder and General Partner at Pharsalus Capital. “They’re not only modernizing how money moves across MENA but also expanding access, lowering costs, and opening new opportunities for millions of people and businesses. We’re proud to back a team that is laying the foundation for the region’s next decade of financial innovation and growth.”

The Hawala app currently has a waitlist but is available for download on the iOS and Google Play app stores. The company is prioritizing growth among users and businesses in Egypt, one of the region’s largest and most dynamic economies, while continuing to expand its reach and partnerships across emerging markets in MENA and beyond.

About Hawala:

Hawala Technologies, Inc. (“Hawala”) is a financial technology company building modern infrastructure and a platform that connects emerging markets across MENA with the global economy. Hawala’s infrastructure allows people and businesses across MENA, and those working with them globally, to move and manage money across borders through a single, modern platform. Through this platform, users can create a U.S. account and routing number or a European IBAN, and send, receive, and hold digital USD and EUR directly in their Hawala Wallet. The platform is open to people and businesses in over 200 countries and supports local currency withdrawals in more than 40 markets. The Hawala app is available on iOS and Android. Learn more at www.usehawala.com.