Tabby Raises $233M Equity Round, Valuation Hits $6.5B
Saudi Arabian fintech company Tabby has raised $233 million in an equity financing round led by existing investor Blue Pool Capital, valuing the firm at $6.5 billion. The funding will support its expansion beyond buy now, pay later (BNPL) into broader credit and money management services across Saudi Arabia and the UAE. Tabby has secured regulatory approvals to offer consumer and SME finance in Saudi Arabia through licenses from the Saudi Central Bank. It also acquired Tweeq, a licensed digital wallet company, expanding its capabilities into accounts, cards, and transfers. In the UAE, Tabby obtained a Stored Value Facilities license for launching Tabby Cash, an alternative debit account with no fees. The fintech reported over $18 billion in annualized transaction volume, 25 million registered users, and partnerships with 70,000 businesses.
Topics: equity financing expansion strategy valuation increase