Tabby hits $6.5 billion valuation after $233 million Series F
Saudi Arabia-headquartered fintech Tabby has raised $233 million in a Series F equity round at a $6.5 billion valuation, led by existing investor Blue Pool Capital, with participation from existing shareholders HSG, Wellington Management and Arbor Ventures. Founded in 2019 by Hosam Arab and Daniil Barkalov, Tabby started as a buy now, pay later (BNPL) provider and has since expanded into broader…
Fintech startup Tabby has achieved a $6.5 billion valuation following a $233 million Series F funding round, according to a press release. The investment was led by Blue Pool Capital, with support from HSG, Wellington Management, and Arbor Ventures. The company, founded in 2019 by Hosam Arab and Daniil Barkalov, began as a buy now, pay later (BNPL) provider before expanding into broader financial services.
Tabby now holds consumer and SME finance licenses in Saudi Arabia, and a Stored Value Facilities licence in the UAE, enabling it to offer Tabby Cash, a debit account alternative. The company processes over $18 billion in annualized transaction volume, serves 25 million registered users, and collaborates with 70,000 business partners across its markets. Tabby reported profitability in 2023, with the new funding supporting its expansion into additional financial services.
Since 2023, Tabby has conducted share tenders, resulting in over $100 million in employee share sales. The company also holds a Liquidity Option for Employees provision in this round. Tabby's CEO, Hosam Arab, stated that the funding will allow the company to continue innovating and growing, while Blue Pool Capital's Chief Investment Officer, Christopher Wu, praised the company's customer-focused innovation and growth trajectory.
The transaction still requires regulatory approvals, including those from the Saudi Central Bank (SAMA).
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