Tabby
Riyadh-based buy now, pay later and payments app used in Saudi Arabia, the UAE and Kuwait.
Updated 14 Oct 2026: added the $233 million Series F from September 2026 and the new $6.5 billion valuation.
Key facts
- Founded
- 2019, in Dubai
- Headquarters
- Riyadh, Saudi ArabiaMoved from Dubai after its Saudi Central Bank licence (announced September 2023)
- Chief executive
- Hosam Arab
- Markets
- Saudi Arabia, UAE, Kuwait
- What it sells
- Buy now, pay laterPlus cards, payments, a shopping app and money management tools
- Regulators
- Saudi Central Bank (SAMA), Central Bank of the UAE
- Latest valuation
- $6.5 billionSeries F, September 2026
- Known investors
- Wellington Management, Blue Pool Capital, Hassana Investment Company, STV, PayPal Ventures
- Listing
- Preparing, no date setHSBC, JPMorgan and Morgan Stanley appointed as advisers; no exchange or date confirmed as of September 2026
- Staff
- About 4,500Tracxn, June 2026
Funding history
| Date | Round | Amount | Valuation | Led by |
|---|---|---|---|---|
| Sep 2026 | Series F | $233m | $6.5bn | Not disclosed in our sources |
| Oct 2025 | Secondary share sale | No new money | $4.5bn | Existing shareholders sold |
| Feb 2025 | Series E | $160m | $3.3bn | Blue Pool Capital, Hassana Investment Company |
| Late 2023 | Debt facility | $700m | Arranged with JP Morgan | |
| Oct 2023 | Series D | $200m | $1.5bn | Wellington Management |
Earlier rounds will be added once checked against primary sources.
Our read: why Tabby's funding totals don't match
Ask three databases how much Tabby has raised and you get three answers: Tracxn says $604 million, Stock Analysis $837 million, and Argaam reported about $1 billion in 2024. They are counting different things. Some include debt facilities, some already include the latest round, and some count secondary sales, which add no new money to the company. That is why we list each round separately rather than quoting one total.
Timeline
- Sep 2026
Raises $233 million in a Series F at a $6.5 billion valuation. Reports in Arabic note it is still weighing listing options with no date or market set.
- 2026
Receives finance licences from the Saudi Central Bank and a wallet licence in the UAE.
- Oct 2025
A secondary share sale by existing shareholders values Tabby at $4.5 billion.
- Feb 2025
Raises $160 million in a Series E at $3.3 billion and says it is preparing to list; HSBC, JPMorgan and Morgan Stanley are hired as advisers.
- Sep 2024
Agrees to buy Saudi digital wallet Tweeq, announced at the 24 Fintech event in Riyadh.
- Oct 2023
Raises $200 million in a Series D at a $1.5 billion valuation, becoming a unicorn.
- Sep 2023
Announces it will move its headquarters to Saudi Arabia after receiving a Saudi Central Bank licence.
- 2019
Founded in Dubai.
What to watch next
- A listing announcement: which exchange, when, and at what valuation.
- How fast lending products grow now that Tabby holds Saudi finance licences.
- Competition with Tamara, the other large Saudi buy now, pay later provider.
Latest MidEastWorld coverage
- MENA startup funding tracker
- Saudi tech IPO pipeline
- BNPL in Saudi Arabia: Tabby vs Tamara and the rest
Sources
- Wamda: Tabby hits $6.5 billion valuation with $233 million Series F (September 2026)
- An-Nahar (Arabic): Series F and listing options (September 2026)
- The Startup Scene: $4.5 billion valuation after secondary sale (October 2025)
- FinTech Futures: $160 million Series E; Series D and debt facility history (2025)
- Finance Middle East: IPO advisers and Series E (2025)
- Finance Middle East: Tweeq deal and headquarters move (2024)
- Gulf News: PayPal Ventures backing and IPO preparation (2024)
- Tracxn: Tabby profile (checked 14 Oct 2026)
- Stock Analysis: Tabby funding and news (checked 14 Oct 2026)