July 29, 2021

Tabby raises further US$ 50m Series B to accelerate growth & enter new markets as customer usage soars

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“This investment will enable us to deliver the most rewarding & relevant shopping experience for regional consumers & retailers” – Hosam Arab

Tabby, a leading buy-now-pay-later (BNPL) provider in Saudi Arabia and the UAE, has raised a further US$ 50 million in a new equity round which values the company at US$ 300 million.

This comes one month after tabby raised US$ 50 million in debt financing bringing tabby’s total funding to over US$ 130 million in less than two years.

The Series B funding round, led by Global Founders Capital and STV with participation from Delivery Hero, CCVA, JIMCO Technology Fund and other existing investors will be used to expand tabby’s product portfolio and enter a number of new markets as customer usage continues to soar, especially in Saudi Arabia, tabby’s largest market.

Tabby will also be setting up new offices in Hub71 in Abu Dhabi.

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