Tabby Secures Consumer & SME Finance Licences in Saudi Arabia

Riyadh-based fintech Tabby has secured consumer finance and small and medium-sized enterprise (SME) finance licences from the Saudi Central Bank, expanding its regulated financial services in its largest market.

The new licences allow customers in Saudi Arabia to finance purchases above $532 (SR 2,000) over repayment plans of up to 12 months, with financing limits of up to $13.3 thousand (SR 50,000).

The longer-term financing option is already available through selected merchants, including Noon, Fitness Time, Almanea, IKEA, Almosafer, Almatar and flynas, with a broader rollout planned in the coming weeks.

According to the company, the financing is structured using a Shariah-compliant Murabaha model, with the total cost disclosed upfront and no compounding charges or late payment fees. Tabby will continue offering its existing four interest-free instalment service alongside the new financing products.

The new consumer finance offering expands Tabby's services into higher-value spending categories, including education, travel, used vehicles and short-term rentals. Meanwhile, the SME finance licence enables the company to provide working capital financing to merchants using its platform.

Tabby previously completed the Saudi Central Bank's regulatory sandbox programme before receiving its buy now, pay later licence in 2025. The company said obtaining the new licences required meeting regulatory standards covering compliance, security and customer protection.

Saudi Arabia has become one of the region's fastest-growing fintech markets as regulators continue expanding licensed digital financial services under Vision 2030. Tabby currently reports more than 25 million registered users and over 65,000 business partners across the GCC.