Dubai-based FinTech startup, Tabby, has raised the bar for its expansion ambitions by securing a remarkable $350 million in a recent financing round. Led by prominent US investors such as Partners For Growth (PFG), the substantial debt facility is expected to propel Tabby’s growth and further cement its position in the buy now, pay later market.
Hosam Arab, CEO and Co-Founder of Tabby, expressed his enthusiasm for the additional financing, emphasizing its role in supporting the company’s core buy now, pay later business. The increased funds will enable Tabby to serve a larger customer base, collaborate with more retailers, and facilitate a seamless payment experience.
With over 4 million active customers and partnerships with over 15,000 businesses, Tabby has already made significant strides in the industry. Their user-friendly mobile app, witnessing more than 20,000 daily installs and driving over 5 million monthly store visits, has transformed Tabby into a thriving shopping destination where customers can discover brands, explore trending styles, and access exclusive deals.
This latest funding round, featuring investors such as PFG, Atalaya Capital Management and CoVenture, highlights the market’s confidence in Tabby’s innovative approach. With a solid foundation and a significant injection of capital, Tabby is well-positioned to accelerate its growth plans and reshape the buy now, pay later landscape in Dubai and beyond.