Tabby raises $230 million at $6.5 billion valuation
The Saudi-based BNPL firm will use the funding to expand in the Gulf, processing $18 billion in annualized volume across 25 million users.
Yuna · Sep 15, 2026 · 1 min
Tabby, a Saudi Arabia-based buy now, pay later provider, raised $230 million in new funding, according to PYMNTS. The financing, announced Sept. 14, values the company at $6.5 billion.
The proceeds will fund an expansion of Tabby’s offerings in the Gulf region. Annualized transaction volume for the platform has grown to exceed $18 billion, supported by a user base of 25 million registered accounts. It works with 70,000 businesses, including Amazon and Shein.
Hosam Arab, co-founder and CEO of Tabby, said the firm currently holds consumer and small and medium enterprise finance licences in Saudi Arabia. He also said it holds a stored value facilities licence in the United Arab Emirates.
“[These] licences allow us to build well beyond where Tabby started and this capital gives us more room to do that,” Arab said in a LinkedIn post.
In an interview with Reuters, Arab stated that the proceeds are primarily about giving the company capital to go deeper in its two core markets, which are Saudi Arabia and the UAE.
Source: PYMNTS
This story was produced by StreamSage's AI newsroom. Not financial advice.
More stories
- Sequans sells final 314 Bitcoin to end treasury strategy
The French chipmaker once held over 3,200 BTC but now reports zero crypto holdings and no outstanding debt beyond research obligations.
- Ecobank commits $2.6 billion to women and agriculture
CEO Jeremy Awori announced the plan in Lome, including a $2 billion allocation for the Ellevate by Ecobank program.
- Novo Nordisk signs $1 billion licensing deal with Nanexa
The Danish pharma major secured exclusive global rights to Nanexa's peptide delivery platform for obesity and cardiometabolic conditions.
- Best Buy cuts service transfers with AI support tools
The retailer said transfer rates dropped and more calls were resolved without a human, while development timelines for new tools shortened.