Tabby Secures Major Funding to Transform Regional Financial Services

Middle Eastern fintech leader Tabby has announced a $233 million funding round, reaching a valuation of $6.5 billion. The investment was led by existing backer Blue Pool Capital and included participation from institutions like HSG, Wellington Management, and Arbor Ventures.

The fresh capital will fuel Tabby’s expansion beyond its core Buy Now, Pay Later (BNPL) service into broader financial solutions across Saudi Arabia and the UAE. Currently processing over $18 billion in annualized transactions, the platform serves 25 million users and partners with major retailers including Amazon, Apple, IKEA, and Samsung.

Expanding Regulatory Footprint

Tabby has been actively building its regulatory framework to support these new offerings:

• Saudi Arabia: Secured consumer and SME finance licenses from SAMA allowing for larger credit products and working capital loans.
• Digital Wallet Integration: Acquired Tweeq, a licensed digital wallet provider, expanding capabilities into accounts, card issuing, and local payments.
• UAE Stored Value Facilities: Obtained an SVF license to power Tabby Cash, offering users a fee-free alternative to traditional debit accounts with cashback rewards.

Employee Liquidity Program

As part of this funding round, Tabby will provide liquidity for employees through structured share tenders—allowing active and former personnel to realize value from the company’s growth. Over $100 million in secondary sales have already occurred since 2023.

“We began with a button at an online checkout to help people spread costs over time,” said CEO Hosam Arab. “Everything since has come back to the same idea: people deserve more from their money.” Blue Pool Capital’s Christopher Wu added that Tabby has demonstrated an “impressive ability to innovate for customers, evolving beyond payments to become a trusted platform for managing and growing money across the region.”

The funding is subject to final regulatory approvals but positions Tabby as a leading fintech player poised to redefine retail banking and business credit in the Middle East.