Buy Now, Pay Later Platform Tabby Nabs $200M In Series D Funding At $1.5B Valuation

Nov 01, 2023•about 2 years ago

Amount Raised

$200 Million

RiyadhFinancial Services

Description

Tabby, previously headquartered in Dubai but now based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion. This positions the shopping and financial services app as the first fintech startup unicorn in the Gulf, underlining its substantial growth and market importance in how customers shop and pay.

Company Information

Company

Tabby

Location

Riyadh, Riyadh Region, Saudi Arabia

About

Tabby creates financial freedom in the way people shop, earn and save by reshaping their relationship with money. +10 million users choose Tabby to stay in control of their spending and make the most out of their money. Over 30,000 global brands and small businesses, including SHEIN, Amazon, Adidas, IKEA, H&M, Samsung and noon use Tabby’s technology to accelerate growth and gain loyal customers by offering flexible payments online and in stores. Tabby is active in Saudi Arabia, UAE and Kuwait, and is valued at $660 million in its latest round of funding from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and Endeavor Catalyst.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Buy Now, Pay Later Platform Tabby Nabs $200M In Series D Funding At $1.5B Valuation

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