Tabby raises $160M Series E funding at $3.3B valuation

Tabby has raised $160 million in Series E funding, doubling its valuation to $3.3 billion and cementing its position as the most valuable fintech company in the Gulf region.

The funding round will support Tabby's expansion beyond its core buy-now-pay-later business into a broader financial services platform. The company has been building additional product capabilities, including its acquisition of digital wallet Tweeq and plans to offer a wider range of consumer financial services.

The $3.3 billion valuation makes Tabby one of the highest-valued private fintech companies globally and reflects investor confidence in the Gulf's digital payments market. The company has built a merchant network spanning tens of thousands of retailers across Saudi Arabia, the UAE, and other Gulf markets.

Tabby's growth has been driven by strong consumer adoption of instalment payments in the Gulf, where a young, digitally connected population has embraced BNPL as an alternative to traditional credit products. The company has processed billions of dollars in transaction volume and built a consumer brand that has become synonymous with flexible payments in the region.

The Series E funding also positions Tabby for a potential initial public offering, which the company has signalled as a medium-term objective. A Tabby IPO would be one of the most significant fintech listings from the Middle East and would test investor appetite for Gulf-based digital financial services companies.

The round was led by existing and new institutional investors, though Tabby did not disclose the full list of participants.