What is Tabby?
Tabby operates as the region's pioneering Buy Now Pay Later (BNPL) solution, dedicated to empowering consumers with flexible and controlled financial management. By partnering with retailers across the UAE and KSA, Tabby enhances sales performance through its innovative payment solutions. The company's mission is to democratize access to purchasing power, enabling individuals to acquire desired goods and services while maintaining fiscal discipline. This approach has positioned Tabby as a key enabler for both consumers and merchants in the evolving e-commerce landscape.
How much funding has Tabby raised?
Tabby has raised a total of $1.7B across 9 funding rounds:
Angel/Seed
$2M
Series A
$23M
Debt
$50M
Series B
$104M
Multiple Rounds
$1.4B
Series E
$160M
Angel/Seed (2019): $2M, investors not publicly disclosed
Series A (2020): $23M led by Global Ventures, Raed Ventures, STV Incorporated, Jimco, HOF, Outliers VC, Global Founders Capital, Venture Souq, Arab Bank, MSA Capital, Mubadala GE Capital PJSC, and Arbor Ventures
Debt (2021): $50M supported by Partners for Growth
Series B (2022): $104M featuring CCVA, Delivery Hero, Global Founders Capital, and STV
Series C (2023): $58M backed by Sequoia Capital India, PayPal Ventures, STV, and Arbor Ventures
Debt (2023): $350M with participation from Atalaya and Partners for Growth
Debt (2023): $700M led by J.P. Morgan Asset Management
Series D (2023): $250M supported by Saudi Venture Capital Investment, Soros Capital Management, Wellington Management, and Arbor Ventures
Series E (2025): $160M featuring Wellington Management, Hassana Investment, and Blue Pool Capital
Key Investors in Tabby
Wellington Management
Wellington Management Company, LLP is a global, independent investment management firm based in Boston, Massachusetts. It provides institutional clients with portfolio management, research, and tailored investment solutions across equities, fixed income, multi-asset, and alternative strategies.
Saudi Venture Capital Investment
Saudi Venture Capital Investment Company (SVCIC) is a closed joint stock company licensed by the Saudi Capital Market Authority to provide advisory and arranging services for securities. The company focuses on delivering high-performing investment solutions and value-added capital through a client-centric approach.
Soros Capital Management
Soros Capital Management is a family office that focuses on alternative assets and collaborates with market innovators to drive growth through informed investment strategies. The company emphasizes building lasting partnerships and maintaining a culture of collaboration, professionalism, and transparency.
What's next for Tabby?
The substantial enterprise-level funding Tabby has garnered, particularly its recent major strategic investment, signals a clear trajectory towards aggressive expansion and market consolidation. This capital infusion is expected to fuel further technological development, enhance customer acquisition strategies, and potentially broaden its geographical reach across the Middle East and beyond. The company's focus on providing flexible payment solutions aligns with global trends in fintech, suggesting a continued emphasis on innovation and strategic partnerships to solidify its leadership in the BNPL sector.
See full Tabby company page
