Tabby Raises $233M at $6.5B Valuation
Tabby raises $233M as the Gulf fintech expands beyond buy-now-pay-later into broader financial services.
Tabby has raised $233 million in a Series F at a $6.5 billion valuation as the Gulf fintech broadens its ambitions beyond buy-now-pay-later.
What happened
The round was led by Blue Pool Capital. Tabby says it now serves around 25 million registered users and 70,000 merchants, with more than $18 billion in annualised transaction volume.
The company started with instalment payments but has been expanding into products including consumer financing, debit and cash products, and working-capital services for smaller businesses.
Why it matters
The round shows that investors increasingly view Tabby as a regional financial platform rather than a single-product BNPL company. The Gulf remains one of the fastest-growing fintech markets, supported by high digital adoption, young consumers and governments pushing financial modernisation.
Tabby's scale also gives it a large distribution base from which to launch new financial products without rebuilding customer acquisition from scratch.
The bigger picture
The next phase of fintech in the Middle East is likely to be about platform consolidation. Companies that began in payments or BNPL are expanding into lending, deposits, cards and SME finance, creating regional challengers to banks and global fintech brands. Tabby's latest valuation reflects that broader thesis.