Tabby Closes $160 Million Funding Round and Reaches a $3.3 Billion Valuation
- Tabby secured $160 million in a Series E funding round led by Blue Pool Capital and Hassana Investment Company, raising its valuation to $3.3 billion.
- The company doubled its annual transaction volume to $10 billion while expanding its portfolio through the acquisition of Tawaq, as well as the launch of the Tabby Card and Tabby+ service.
- The funding will support Tabby’s plans to expand its digital financial services—including digital spending accounts, payments, cards, and money management tools—and prepare for its initial public offering (IPO).
Dubai, UAE – February 12, 2025
Tabby, a fintech company specializing in the “Buy Now, Pay Later” (BNPL) service, announced the closing of a new Series E funding round worth $160 million, which raised its valuation to $3.3 billion. This achievement makes Tabby the highest-valued company in the fintech sector in the Middle East and North Africa (MENA) region.
The round was led by Blue Pool Capital and Hassana Investment Company, with participation from existing investors STV and Wellington Management. This follows the company’s successful Series D funding round of $200 million in October 2023.
Strong Growth and an Innovative Expansion Strategy
Tabby has successfully doubled its annual transaction volume to over $10 billion since its previous funding round, while also reaching higher levels of profitability. The company expanded its product portfolio by acquiring Tawaq—the Saudi digital wallet licensed by the Saudi Central Bank—and launching the Tabby Card, which offers flexible post-purchase payment options, in addition to introducing Tabby+.
Moreover, Tabby has enhanced its BNPL service by adding long-term installment plans, launching the Tabby Store to help users find the best deals, and introducing the Tabby Buyer Protection program.
Expanding Towards a Digital Financial Future
The new funding will accelerate Tabby’s expansion into digital financial services, which include:
- Digital spending accounts
- Payments and cards
- Money management tools
Additionally, this round strengthens Tabby’s plans for an initial public offering (IPO), marking a pivotal step in the company’s future growth strategy.
Comments from Leadership and Investors
Commenting on the funding round, Hossam Arab, CEO and Co-founder of Tabby, said:
“This investment allows us to accelerate the launch of products that simplify money management and enhance value for our customers. We are primarily focused on creating a tangible impact by helping customers manage their finances with seamless tools designed for their everyday lives.”
Christopher Wu, Chief Investment Officer at Blue Pool Capital, added:
“Tabby has the capability to develop innovative products and stands out from other fintech companies due to its strong revenue growth and operational efficiency. We look forward to supporting Tabby in achieving its ambitious goals.”
Ahmed Al-Qahtani, Head of Investment for Regional Markets at Hassana Investment Company, stated:
“Tabby has achieved impressive growth in a short period. The company’s commitment to developing innovative products and seamless solutions for its customers reinforces our belief in its future. We are delighted to continue our partnership with Tabby, which is setting new standards for financial services in the region.”
Strong Results and a Remarkable Start to 2025
Tabby began 2025 with exceptional results, surpassing 15 million registered users and more than 40,000 vendors who rely on its platform. These achievements have helped drive its annual sales volume beyond $10 billion.
With this latest round of funding, Tabby reinforces its position as a leading fintech company, bolstering its growth and expansion strategy while preparing for the next phase of innovation in digital payments.
