Tabby is the MENA’s leading shopping and financial services app that provides consumers across the UAE and Saudi Arabia with the flexibility to pay for their online and offline purchases either in a deferred single payment or in multiple installments.
Tabby creates financial freedom in the way people shop, earn and save by reshaping their relationship with money.
Tabby was founded in Dubai in 2019 by Hosam Arab. The company is headquartered in Riyadh, with presence in Dubai, Saudi Arabia, UAE, Egypt and Kuwait.
Tabby's buy now, pay later (BNPL) platform provides users with the purchase of products and services and pay in installments over several months, without paying any additional fees or interest. It also assists users in managing their budgets better and enables them to buy what they need without having to pay the full value of the item in the beginning.
Tabby works with more than 30,000 brands including the likes of Adidas, Amazon, H&M and SHEIN — and 10 of the largest retail groups in the MENA region to provide BNPL services at checkout and in-store.
Tabby now has over 10 million active customers, with over 300,000 Tabby Cards issued in the UAE. The company also recently launched Tabby Shop, showcasing over 500,000 products from thousands of brands to help shoppers discover and track the best products and deals in one place.
Tabby is backed by Mubadala Investment Capital, Sequoia Capital India, Wellington Management, STV, PayPal Ventures, Global Founders Capital, Partners for Growth (PFG), CoVenture, Atalaya Capital Management, Arbor Ventures, Raed Ventures, MSA Capital, Endeavor Catalyst, Bluepool Capital, and others. The company closed $200M in a Series D round on Nov 01, 2023. This brings Tabby's total funding to $944M to date. The latest round valued the company at a $1.5B, which is more than double from previous $660M after its Series C in Jan 2023.