Middle Eastern financial technology leader Tabby has officially secured $233 million in a new equity funding round, propelling the company to a $6.5 billion valuation. Led by existing investor Blue Pool Capital, the round also drew continued participation from major institutional shareholders, including HSG, Wellington Management, and and Arbor Ventures.
The landmark funding arrives as Tabby rapidly evolves beyond its foundational Buy Now, Pay Later (BNPL) model into a full-suite financial services engine. Maintaining profitability since 2023, the platform currently processes more than $18 billion in annualized transaction volume. Its expanding digital ecosystem serves over 25 million registered users and connects with 70,000 corporate business partners, including global and regional retail titans such as Amazon, Apple, IKEA, Jarir, Samsung, SHEIN, and noon.
Extending the Product Footprint Across Saudi Arabia and the UAE
The newly injected equity capital will directly fund Tabby’s expansion into comprehensive credit, working capital, and money management products across its primary markets of Saudi Arabia and the United Arab Emirates.
Over the past year, the company has methodically established the regulatory architecture required to deploy broader banking-style services:
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Saudi Arabia Credit Framework: The Saudi Central Bank (SAMA) has granted Tabby specialized consumer and SME finance licenses. These regulatory clearances allow the platform to issue larger, longer-term credit products to individual shoppers while providing essential working capital loans to merchant partners.
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Digital Wallet Integration: Tabby completed the acquisition of Tweeq, a SAMA-licensed digital wallet infrastructure provider, expanding its capabilities directly into digital accounts, card issuing, and local payments.
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UAE Stored Value Facilities: In the UAE, Tabby obtained a Stored Value Facilities (SVF) license from the Central Bank of the UAE to power Tabby Cash. Operating as a cost-effective alternative to traditional debit accounts with no maintenance or card fees, Tabby Cash enables users to earn cashback on spending while executing local and international peer-to-peer transfers.
Employee Liquidity and Growth Discipline
Reflecting a commitment to long-term value sharing, the funding transaction includes a dedicated liquidity component for employees. Tabby has operated structured share tenders since 2023, facilitating over $100 million in secondary share sales to allow active and former personnel to realize tangible financial value from the company’s growth trajectory.
“We began with a button at an online checkout to help people spread costs over time,” stated Hosam Arab, CEO and co-founder of Tabby. “Everything since, every product and every licence, has come back to the same idea: people deserve more from their money. This round means we can build further on that, without changing how we think about growth or discipline.”
“Tabby has demonstrated an impressive ability to innovate for their customers, evolving beyond payments to become the trusted platform for millions of people managing, spending and growing their money across the region,” added Christopher Wu, chief investment officer at Blue Pool Capital. “We are proud of our partnership with Tabby over the past three years, and we are excited to continue supporting the impressive growth of the company.”
Closing of the equity round remains subject to standard applicable regulatory approvals, including final sign-off from the Saudi Central Bank (SAMA). As regional markets continue to digitize financial workflows, Tabby’s expanded capital reserve and regulatory footprint position the fintech pioneer to redefine retail banking and business credit across the Middle East.
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