Saudi-headquartered financial technology company Tabby has secured fresh backing from existing investors as it expands beyond buy now, pay later into consumer finance, business funding and money-management services.
Tabby has raised $233 million in a Series F equity round that values the financial technology company at $6.5 billion, marking another step up in its valuation as it builds a wider financial-services business in Saudi Arabia and the United Arab Emirates. Existing investor Blue Pool Capital led the financing, while HSG, Wellington Management and Arbor Ventures also participated.
Christopher Wu, Chief Investment Officer at Blue Pool Capital, stated: “Tabby has demonstrated an impressive ability to innovate for their customers, evolving beyond payments to become the trusted platform for millions of people managing, spending and growing their money across the region. We are proud of our partnership with Tabby over the past three years, and we are excited to continue supporting the impressive growth of the company with this financing.”
The financing includes a liquidity option allowing employees to sell part of their holdings. Tabby said its share-tender programs have facilitated more than $100 million in share sales for current and former employees since 2023.
Hosam Arab, CEO and Co-Founder of Tabby, said: "We began with a button at an online checkout to help people spread costs over time. Everything since, every product and every licence, has come back to the same idea: people deserve more from their money. This round means we can build further on that, without changing how we think about growth or discipline."
Valuation Climbs After Earlier Share Sale
The latest valuation represents a 44% increase from the $4.5 billion implied by a secondary share transaction completed in October 2025. In that earlier deal, HSG, Boyu Capital and other buyers acquired stock from existing shareholders.
A different picture emerged from the company’s February 2025 Series E. That $160 million capital raise valued Tabby at $3.3 billion and was led by Blue Pool Capital and Hassana Investment Company. Wellington Management and STV also took part. At the time, Tabby reported more than 15 million registered users, over 40,000 participating sellers and annualized transaction volume above $10 billion.
Tabby now reports 25 million registered users, 70,000 business partners and more than $18 billion in annualized transaction volume. The company also says it has been profitable since 2023.
Founded in 2019, Tabby first became known for allowing shoppers to divide purchases into installments. Its current direction is more ambitious: management is positioning the business around a broader range of credit, payment and money-management services. That evolution gives the company additional potential sources of revenue, while also bringing more of its activities under direct financial regulation.
Licenses Open the Door to New Products
Recent licensing decisions are central to the expansion plan. In Saudi Arabia, Tabby has obtained consumer and small and medium-sized enterprise finance licenses, enabling it to provide larger, longer-duration financing to individuals and working-capital products to businesses. The company has also acquired Tweeq, a SAMA-licensed digital wallet, extending its capabilities into accounts, cards and transfers.
In the UAE, Tabby Payments holds a Stored Value Facility license from the Central Bank of the UAE. The company is listed in the central bank’s licensing records, corroborating Tabby’s account of its authorization. The license supports Tabby Cash, a product through which the company is moving into card spending, domestic and international transfers, and account-like money-management services.
Tabby’s services are divided between separate regulated entities. Tabby LLC provides its Pay Later product and Tabby Card short-term credit, while Tabby Payments LLC operates Tabby Cash under its UAE central bank license.
Within the UAE offering, Tabby says Tabby Cash has no account or card fees. Customers can also earn cashback on card spending, adding a rewards feature to the company’s money-management product.
