Tabby raised $700 million in debt financing led by JPMorgan, while extending its series D round to $250 million to enhance its offerings ahead of a potential IPO.

Feb 11, 2025•7 months ago

Amount Raised

$700 Million

Round Type

series d

RiyadhFinancial Services

Investors

Jp Morgan

Description

Tabby, a UAE-based buy now, pay later platform, has secured $700 million in debt financing and extended its series D round. The funds are intended to expand its product suite, notably after acquiring Saudi digital wallet Tweeq.

Company Information

Company

Tabby

Location

Riyadh, Riyadh Region, Saudi Arabia

About

Tabby creates financial freedom in the way people shop, earn and save by reshaping their relationship with money. +10 million users choose Tabby to stay in control of their spending and make the most out of their money. Over 30,000 global brands and small businesses, including SHEIN, Amazon, Adidas, IKEA, H&M, Samsung and noon use Tabby’s technology to accelerate growth and gain loyal customers by offering flexible payments online and in stores. Tabby is active in Saudi Arabia, UAE and Kuwait, and is valued at $660 million in its latest round of funding from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and Endeavor Catalyst.

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