UAE-Based Fintech Startup Tabby Upsizes Debt Facility to $350 Million
The move marks an increase of more than double its previous debt facility.
Tabby, a UAE-based buy now pay later platform,, has just upsized its debt facility to $350 million following the closure of a new financing round led by key global investors Partners For Growth (PFG), Atalaya Capital Management, and CoVenture, marking an increase of more than double its previous debt facility.
With this upsize, Tabby has increased the amount of loan funding it can receive, both a testament to their recent growth and a driver of future growth. "We are thrilled to partner with exceptional investors Atalaya, CoVenture and PFG to continue supporting Tabby’s growth and redefining what people can do with their money.” Hosam Arab, CEO and Co-Founder of Tabby tells StartupScene.
Established in 2019 by Hosam Arab, Tabby collaborates with more than 10,000 brands like H&M, Adidas, IKEA, and Noon, among other retailers in the MENA region. The BNPL startup has four million active users at present and operates in major markets across the region, including Saudi Arabia, UAE, Kuwait, and most recently, Egypt.
- Previous Article SVC Gives $7.5 Million To Fund Early to Late-Stage Startups in Saudi
- Next Article EEA Announces Shortlisted Entrepreneurs of the Year
