Saudi-Based Fintech Tabby Raises $160 Million Series E

Saudi Arabia-based fintech company Tabby secured $160 million in a Series E funding round, bringing its valuation to $3.3 billion. The round was led by existing investors Blue Pool Capital and Hassana Investment Company, with additional participation from STV and Wellington Management.

“This investment allows us to accelerate our rollout of products that make managing money simpler and more rewarding for our customers,” Hosam Arab, CEO and Co-Founder at Tabby, said. “We're focused on creating tangible impact - helping people take control of their finances with tools that are accessible, effortless and built for their everyday lives.”

Founded in 2019 in the UAE, Tabby has since reached $10 billion in annualized transaction volumes. The company has broadened its services beyond the buy now, pay later (BNPL) sector, introducing the Tabby Card for flexible payments, Tabby Plus as a subscription program, and longer-term payment plans.