Tabby Receives $200 Million Investment

"Buy now, pay later" startup Tabby raised $200 million in a Series D investment round. This investment round was managed by Wellington Management. With this investment, the startup's valuation reached $ 1.5 billion. Bluepool Capital, PayPal Ventures, Mubadala Investment Capital and Arbor Ventures participated in the Dubai-based startup's $ 200 million investment round.

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Tabby; Buy Now, Pay Later

The Dubai-based startup received an investment of $ 58 million last January. Tabby has so far received an average investment of $ 400 thousand in total. The startup became a unicorn with the latest investment. Tabby was launched in 2019 by Hosam Arab. Tabby; buy now, pay later (Buy Now, Pay Later-BNPL) services. The startup, which works in the field of financial technology, offers customers in the Middle East the opportunity to postpone their payments for both online and store shopping.

Thanks to the system of the Dubai-based startup, users can buy products at that moment. They can also make payments in a certain time period. The startup offers short-term loans to its customers. Thus, it aims to improve their shopping experience.The startup's system enables purchases to be made with financial flexibility and ease. Tabby provides BNPL services to countries such as Kuwait, Saudi Arabia and the UAE. It has over 10,000 million users. It also works with 10 major retail chains with over 30 thousand brands.