Tabby Valuation Hits $3.3B; Plans Saudi IPO

Tabby, a UAE-based buy now, pay later (BNPL) fintech company, has doubled its valuation to $3.3 billion following a $160 million Series E funding round led by Blue Pool Capital and Hassana Investment Company. This positions Tabby as the most valuable fintech company in the Middle East and North Africa (MENA). The funding will support Tabby's expansion beyond BNPL into digital wallets and money management tools, with plans for an initial public offering (IPO) in Saudi Arabia within the next 18 months. The company has also seen a significant increase in transaction volumes, reaching over $10 billion annually, and has grown its user base to 15 million. Tabby aims to continue expanding its product lineup, including the Tabby Card for flexible payments and Tabby Plus, a subscription rewards program. The fintech is working with HSBC, JPMorgan, and Morgan Stanley to prepare for its IPO.