Tabby valued at $4.5bn following secondary share sale

Saudi-headquartered fintech Tabby has reached a $4.5 billion valuation following a secondary share sale, as early investors took the opportunity to realise returns amid the region's booming embedded finance sector.

The valuation represents a significant increase from the $3.3 billion achieved during Tabby's Series E funding round earlier in 2025, reflecting continued growth in the company's business metrics and rising investor confidence in Gulf fintech opportunities.

Secondary share sales allow existing investors and employees to sell their holdings without the company issuing new equity. The transaction provides liquidity to early backers while establishing a market-based valuation that could inform future fundraising or IPO pricing.

Tabby has been expanding rapidly beyond its core BNPL business, building a broader financial services platform through its acquisition of digital wallet Tweeq and its consumer finance licence from SAMA. The company's growing product range and merchant network have supported the valuation increase.

The $4.5 billion valuation makes Tabby one of the most valuable fintech companies in the Middle East and positions it among the top-tier fintech unicorns globally. The company has signalled IPO ambitions, and the secondary sale provides a market reference point for institutional investors evaluating a potential listing.

The transaction underscores the growing maturity of the Gulf fintech market, where companies are generating valuations that attract global institutional capital and provide meaningful returns for early-stage investors.