Less than a year after a US$58 million funding round, the U.A.E.-based Tabby, now headquartered in Riyadh, raised US$200 million in early November 2023. Wellington Management and Bluepool Capital were among the new investors. In a final round before I.P.O., the omnichannel BNPL specialist was the first fintech unicorn in the Gulf with a valuation of US$1.5 billion.
With US$6 billion in transactions per year from 30,000 brands (Amazon, H&M, Shein, etc.), Tabby has 10 million active users,...
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