Tabby Raises $233 Million, Valuation Rises to $6.5 Billion
Saudi Arabia-based fintech company Tabby has completed a $233 million Series F funding round at a valuation of $6.5 billion. The company, which offers “buy now, pay later” (BNPL) solutions in e-commerce and retail, will use the new capital to expand its operations in Saudi Arabia and the United Arab Emirates and to develop financial services beyond BNPL.
Blue Pool Capital Led Tabby’s Funding Round
Blue Pool Capital led the new funding round, with HSG, Wellington Management, and Arbor Ventures also participating. According to FinTech Futures, the company’s new $6.5 billion valuation is approximately double the $3.3 billion valuation it reached in its $160 million Series E round in February 2025. Reuters reported that the company had reached a valuation of $4.5 billion in its latest share sale in October 2025.
Reaches 25 Million Users in the E-Commerce Ecosystem
Founded in 2019 by Hosam Arab and Daniil Barkalov, Tabby today serves 25 million registered users and has an annualized transaction volume exceeding $18 billion. Major e-commerce and retail brands such as Amazon and Shein are among the company’s 70,000 partners. FinTech Futures also reports that the platform works with more than 65,000 global and local brands.
Expanding from BNPL into Financing, Cards, and Money Transfers
Having obtained consumer and SME financing licenses in Saudi Arabia, Tabby can provide businesses with working capital in addition to higher-value and longer-term consumer financing. The company also acquired SAMA-licensed digital wallet Tweeq, adding account, card, and money transfer services to its infrastructure. The Stored Value Facilities license obtained in the UAE has also paved the way for Tabby Cash, which has no account or card fees.
CEO Hosam Arab stated that the new capital will primarily be used to support deeper growth in Saudi Arabia and the UAE. While the company has been operating profitably since 2023, part of the funding round was allocated to provide liquidity to employees; share sales by current and former employees exceeded $100 million.
Artificial Intelligence Comes to the Fore in E-Commerce and Retail Shopping
Tabby’s 2026 consumer research also points to the role of artificial intelligence in e-commerce and retail shopping. According to the research, consumers prefer AI to assist in areas such as product comparison, search and discovery, and size recommendations based on past purchases, rather than completely taking over purchasing decisions.