Tabby funding has reached $233 million at a $6.5 billion valuation as the company expands beyond buy now, pay later services into broader financial products in Saudi Arabia and the UAE.
The equity round was led by existing investor Blue Pool Capital, with HSG, Wellington Management and Arbor Ventures also participating, according to the company’s 14 September announcement. The transaction remains subject to regulatory approvals, including approval from the Saudi Central Bank.
Tabby’s UAE wallet licence announcement confirms that the Stored Value Facilities licence allows it to hold customer funds and introduce spending accounts, cards and money-management tools. Its Tabby Cash announcement gives the current cashback and rollout details.
Tabby funding will support services beyond BNPL
Tabby says it has been profitable since 2023 and now processes more than $18 billion in annualised transaction volume across 25 million registered users and 70,000 business partners. The company will use the new funding to build out credit and money-management services in both markets.
| Figure | Detail |
|---|---|
| Funding | $233 million |
| Valuation | $6.5 billion |
| Annualised transaction volume | More than $18 billion |
| Registered users | 25 million |
| Business partners | 70,000 |
| Profitability | Since 2023 |
The round also includes a liquidity option for employees. Tabby says it has facilitated more than $100 million in share sales through employee tenders since 2023.
What Tabby’s UAE expansion includes
Tabby holds a Stored Value Facilities licence from the Central Bank of the UAE. The licence supports Tabby Cash, which the company describes as an alternative to a debit account with no account or card fees. Customers can earn cashback on card spending and send money locally, with international transfers also listed in the announcement.
Tabby’s UAE newsroom says more than 150,000 people were already using Tabby Cash in July, ahead of a wider rollout to UAE residents over 18. Its launch offer gives cardholders 3% cashback until 1 November 2026, while the standard rate depends on the customer’s plan and spending category.
In Saudi Arabia, Tabby has consumer and SME finance licences from the Saudi Central Bank and has acquired Tweeq, a SAMA-licensed digital wallet. The move gives it a route into larger consumer financing, business working capital, accounts, cards and transfers.
We began with a button at an online checkout to help people spread costs over time. Everything since, every product and every licence, has come back to the same idea: people deserve more from their money. This round means we can build further on that, without changing how we think about growth or discipline.
Hosam Arab, CEO and co-founder of Tabby
The new round lifts Tabby’s valuation above the $4.5 billion figure reported after its 2025 secondary share sale. Its earlier $160 million Series E round in February 2025 valued the company at $3.3 billion, according to reporting cited by Fintechly.
Tabby’s earlier Cash launch in the UAE and Saudi finance licences cover the services behind the expansion.
How much funding did Tabby raise?
Tabby raised $233 million in an equity round led by existing investor Blue Pool Capital.
What is Tabby’s new valuation?
The funding round values Tabby at $6.5 billion.
What is Tabby Cash?
Tabby Cash is a UAE service built on Tabby’s Stored Value Facilities licence. Tabby describes it as an alternative to a debit account with no account or card fees.
