Tabby is a fintech startup 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 2019 by Hosam Arab. The company is headquartered in Dubai, UAE, with presence in Saudi Arabia, UAE, Egypt and Kuwait.
Tabby allows users to shop with flexible payments online and in-store from global brands, including H&M, Adidas, IKEA, noon and Bloomingdale’s.
Tabby works with over 10,000 brands including 9 out of the 10 largest retail groups in MENA, and more recently launched with noon, the region’s largest ecommerce marketplace. Over 3 million active users choose Tabby to stay in control of their spending and make the most out of their money.
Tabby has also issued more than 150,000 Tabby Cards only six months after launching its cards program. Tabby also recently launched a product for everyday purchases, such as groceries and food, and will allow customers that don’t have access to credit cards to make purchases and pay at the end of the month.
Tabby is backed by Mubadala Investment Capital, Sequoia Capital India, STV, PayPal Ventures, Global Founders Capital, Partners for Growth (PFG), Atalaya Capital Management, Arbor Ventures, Raed Ventures, MSA Capital, Endeavor Catalyst, and others. The company raised $58M in Series C round on Jan 18, 2023. This brings Tabby’s total funding to $394M to date. The latest round valued the company at a $660M post-money.