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Gulf buy now, pay later firm Tabby raises $50m to expand in new Arab markets

Gulf-based buy now, pay later firm Tabby raises $50m to expand in new Arab markets
Photo by Josh Appel on Unsplash
August 5, 2021
Buy now, pay later firm Tabby will accelerate expansion plans into new Arab markets after raising $50 million in its latest funding round, giving it a $300 million valuation, it said on Wednesday.
Tabby, whose investors include Abu Dhabi state fund Mubadala, is already available in Saudi Arabia and the United Arab Emirates where consumers can use its services with over 2,000 merchants including with brands such as Adidas and Ikea.
Chief Executive Hosam Arab told Reuters Tabby would be operational in Qatar, Kuwait, Oman and Bahrain in the next few months and would expand into North Africa “towards the beginning of next year.”

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Gulf buy now, pay later firm Tabby raises $50 mln in funding

Gulf buy now, pay later firm Tabby raises $50 mln in funding
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