UAE-based fintech Tabby raises $150 million in funding

UAE-based fintech Tabby raises $150 million in funding
Photo by Clay Banks / Unsplash

Tabby, a UAE-based fintech startup has raised $150 million in its debt funding round from Atalaya Capital Management and Partners for Growth (PFG), an existing investor.

  • The fund will be used to support the fintech's growth in transaction volumes and product expansion.
  • Founded in 2019, Tabby offers a buy now pay later (BNPL) facility for shopping online and offline, and also provides credit solutions and financial flexibilities for consumers in the MENA region.
  • Partners for Growth (PFG), an existing investor in Tabby increased its initial offering of $50 million in the fintech, bringing the total raise to $275 million since launch.
  • The fintech 10xed its revenues, 8xed its active customers, and 3xed its active retailer partners in H1 2022.