Tabby
Growth Score40DXBi Rank5Heat Score100Tabby Technology Ltd / Tabby FZ
Shop now, pay later — split purchases into installments across 65,000+ MENA brands.
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Tabby Secures SAMA Finance Licences to Launch Long-Term Credit and SME Funding in Saudi Arabia
Mubadala-backed Tabby hits $3.3bn valuation after $160m funding round as it prepares for IPO
Tabby hits $3.3 billion valuation with $160 million Series E, now MENA's most valuable VC-backed startup
Tabby named on The Middle East's Fintech 50 2025
Overview
Total Funding
$604M
Valuation $4.5B
Growth Score
Steady
Heat Score
Trending up
Details
- Operating Status
- Active
- Company Type
- Private, Startup (Mubadala-backed, pre-IPO)
- Funding Stage
- Series C+
- Headquarters
- Riyadh, Saudi Arabia (regional group HQ as of 2025-2026); maintains a licensed UAE entity headquartered in DIFC, Dubai, where the company was originally founded in 2019
- Founded
- 2019
- Company Size
- 1000+ employees
- Website
- tabby.ai
Products & Services
Tabby (BNPL / Split in 4)
Core buy-now-pay-later product letting shoppers split purchases into interest-free installments at 40,000+ partner brands across the GCC.
Tabby Card
Physical/virtual card product enabling BNPL-style split payments for in-store and online purchases beyond partner merchants.
Tabby Cash
Fee-free spending/wallet account launched under a new brand identity, offering up to 3% cashback and free money transfers, enabled by Tabby's UAE wallet (SVF) licence.
Tabby Payments
Licensed payments processing arm operating under Central Bank of UAE authorisation.
People
Technology
Tech stack
Financials
Series C+
Funding stage
$604M
Total raised
$4.5B
Valuation
Funding rounds
Projects
Tabby secures Stored Value Facilities (wallet) licence from Central Bank of the UAE
CBUAE granted Tabby a Stored Value Facilities (SVF) licence, allowing it to hold customer funds and launch spending accounts, payment cards and money-management tools beyond BNPL in the UAE.
Apr 20, 2026
Tabby partners with zenda on flexible school-fee payments
Tabby partnered with education payments platform zenda (which works with 450+ institutions across 15 countries) to let UAE families spread school tuition, transport and extracurricular fees over up to 12 months with no hidden fees.
May 1, 2026
Tabby secures SAMA consumer finance and SME finance licences in Saudi Arabia
The Saudi Central Bank (SAMA) granted Tabby a consumer finance licence (enabling Murabaha-structured instalment plans up to SAR 50,000 over 12 months for purchases over SAR 2,000) and an SME finance licence (enabling working-capital funding directly to its 65,000+ merchant partners in Saudi Arabia).
Jun 29, 2026
Tabby secures stored value facilities (wallet) licence in the UAE
Tabby was granted a Stored Value Facilities (SVF) licence by the Central Bank of the UAE, authorising it to hold customer funds and launch new financial products such as spending accounts.
Apr 15, 2026
Tabby acquires Saudi digital wallet Tweeq
Tabby signed a definitive agreement to acquire Tweeq, a SAMA-licensed Saudi digital wallet, to expand into spending accounts, cards, and money-management tools. Tweeq was to continue operating independently as the companies integrated offerings; subject to regulatory approval.
Sep 4, 2024
Tabby secures consumer finance and SME finance licences from SAMA
Tabby obtained two licences from the Saudi Central Bank (SAMA) - a consumer finance licence and an SME finance licence - enabling it to offer longer installment plans and expanded financing products in Saudi Arabia.
Jun 29, 2026
Tabby partners with Shahbandr
Tabby partnered with Saudi/Egypt e-commerce enablement platform Shahbandr to bring BNPL/flexible payment options to over 20,000 online stores.
Aug 15, 2026
Tabby to provide BNPL payments to Yuno users
Tabby integrated with payment orchestration platform Yuno to offer BNPL payments to Yuno's merchant users across the UAE and Saudi Arabia.
Aug 15, 2026
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