Tag "Tabby"

Tabby Secures USD 700 Million in Debt Financing and Extends Series D Round to USD 250 Million

Tabby, a leading shopping and financial services app from Saudi Arabia, has secured up to $700 million in receivables securitization from J.P. Morgan. The deal represents the largest asset-backed facility obtained by a fintech company in the MENA region. In

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Tabby Secures $200M in Series D Funding at $1.5b Valuation

Tabby, the MENA’s shopping and financial services app, has raised $200 million in equity financing led by Wellington Management. The equity financing drew additional participation from growth equity investor Bluepool Capital, in addition to existing investors STV, Mubadala Investment Capital,

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The Saudi Central Bank Permits Additional BNPL Company

The Saudi Central Bank (SAMA) permitted “Tabby” to provide Buy Now Pay Later (BNPL) solutions. With Tabby, there are now five authorized companies offering BNPL solutions in Saudi Arabia. The BNPL solutions provide finance to customers wishing to buy products

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Tabby Increases Debt Facility to $350M

Tabby, the MENA’s  shopping and financial services app, has successfully closed a new financing round resulting in upsizing its debt facility to $350 million, over a 2X increase since its last debt raising announcement. The round involved the participation of

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Dubai Accounting Startup Wafeq Raises $3 Million Seed Round

Wafeq, a modern and easy-to-use accounting platform, has announced the completion of its $3 million seed round. The Dubai headquartered company’s seed round was led by Raed Ventures and saw participation from Wamda Capital, both of which are two of

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Tabby Raises $58M Series C: PayPal Ventures With First Regional Investment

Tabby, MENA’s  shopping and financial services app, has raised $58 million from Sequoia Capital India, STV and PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst in a Series C round which values the company at $660 million. The

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Al-Futtaim Malls Introduces ‘Buy Now Pay Later’ Payment Option With Tabby Card

Al-Futtaim Malls announced a partnership with Tabby to launch the Tabby Card for shoppers to use across all eligible stores in Dubai Festival City Mall and Festival Plaza, Jebel Ali. Tabby partners with retailers to provide their customers with the flexibility

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MENA Fintech Awards 2022 Names the Region’s Best Fintech Companies

The inaugural MENA Fintech Awards organised by the MENA Fintech Association (MFTA) came to a close on 15 November with an awards ceremony hosted by the Abu Dhabi Finance Week (ADFW). The awards, organised in partnership with consulting firm Grant

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6 Middle East Fintech Startups on CB Insights’ Fintech 250 Most Promising List

Six fintech startups from the Middle East made this year’s Fintech 250, CB Insights’ annual list of the 250 most promising private fintech companies in the world. The 250 winners were selected from a pool of over 12,500 eligible private

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Here Are the Top 5 Fintech Startups in the Middle East on LinkedIn in 2022

Five fintech companies made LinkedIn’s second annual top startups list featuring 10 companies in the UAE that it says is gaining attention. The ranking was produced using LinkedIn data in four areas: employee growth, jobseeker interest, employee engagement, and their

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