Gulf fintech Tabby clinches $6.5 billion valuation after latest funding round
What's happening
Tabby, the Saudi Arabia- and UAE-based buy now, pay later and financial services provider, raised between $230 million and $233 million in a new equity round that values the company at $6.5 billion. The financing was led by existing backer Blue Pool Capital with participation from current shareholders HSG, Wellington Management and Arbor Ventures. Tabby says it has consumer and SME finance licences in Saudi Arabia, a stored value product, and has been profitable since 2023. The raise will be used to expand Tabby's BNPL offering and broader consumer and business financial services across the Gulf region.
Why it's trending
Because Tabby closed a large equity round led by Blue Pool Capital that pushes its valuation past regional and global BNPL peers, signaling growth and consolidation in Gulf fintech.
SignalHolding at its usual pace, confirmed across 1 independent source type.
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Valued at $6.5B and profitable since 2023, Tabby just proved BNPL can be more than hype in the Gulf, investors still back fundamentals, not just growth-at-all-costs.
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Original sources6
- Tabby Raises $230 Million to Expand BNPL Offering
Saudi Arabia-based buy now, pay later FinTech Tabby has raised $230 million in new funding. The financing, announced Monday (Sept. 14), values Tabby at $6.5 billion and will be used to expand the company’s buy now, pay later (BNPL) offering in the Gulf region. “We now have consumer and SME finance licences in Saudi Arabia and a stored value […] The post Tabby Raises $230 Million to Expand BN
PYMNTSSep 15 - Tabby Secures $233 Million at $6.5 Billion Valuation to Accelerate Regional Financial Services Expansion
Tabby has raised $233 million in equity funding at a $6.5 billion valuation, with the profitable fintech expanding beyond BNPL into broader consumer and business financial services. The post Tabby Secures $233 Million at $6.5 Billion Valuation to Accelerate Regional Financial Services Expansion appeared first on The Fintech Times .
The Fintech TimesSep 15 - Tabby raises $233m at $6.5bn valuation
Tabby, the Saudi Arabia- and UAE-based buy now, pay later and financial services provider, has raised $233m in a new equity round. The financing was led by existing backer Blue Pool Capital, with participation from current shareholders HSG, Wellington Management and Arbor Ventures, and values Tabby at $6.5bn. Tabby has been profitable since 2023 and […] The post Tabby raises $233m at $6.5bn
FinTech GlobalSep 14
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