Tabby, a Riyadh-based financial services and shopping app, has secured US$160 million in a Series E funding round, valuing the company at US$3.3 billion.

The round was led by existing investors Blue Pool Capital and Hassana Investment Company, with additional backing from STV and Wellington Management.

Since its last funding round in October 2023, Tabby has nearly doubled its annual transaction volume to over US$10 billion while maintaining profitability.

The company recently acquired Tweeq, a Saudi-based digital wallet, expanding its product range.

It has also introduced the Tabby Card for flexible payments, Tabby Plus, a subscription service, and longer-term payment plans within its core buy now, pay later model.

Other additions include Tabby Shop, which helps users find deals, and Tabby Care, a buyer protection programme.

The new funding will support the expansion of Tabby’s financial services, including digital spending accounts, payments, cards, and money management tools.

The company aims to contribute to Saudi Arabia’s Vision 2030 by promoting a cashless economy. This round also strengthens Tabby’s position ahead of its planned IPO.

“This investment allows us to accelerate our rollout of products that make managing money simpler and more rewarding for our customers,”

said Hosam Arab, CEO and Co-Founder of Tabby.

“We’re focused on creating tangible impact—helping people take control of their finances with tools that are accessible, effortless, and built for their everyday lives.”

Tabby begins 2025 with over 15 million registered users and more than 40,000 sellers, driving an annual sales volume exceeding US$10 billion.

Featured image credit: edited from Tabby