Key Takeaways
- • Tabby raises $233 million in Series F funding at a $6.5 billion valuation, nearly doubling its $3.3 billion valuation from February 2025 and nearly quadrupling its $1.5 billion valuation from 2023, demonstrating accelerating investor confidence in the Saudi fintech's growth trajectory.
- • Blue Pool Capital led the round with participation from existing backers Arbor Ventures, Wellington Management, and HSG, signaling sustained institutional confidence in Tabby's expansion beyond its core buy-now-pay-later offering into broader financial services.
- • New regulatory licenses enable Tabby to offer longer Shariah-compliant payment plans to consumers and provide working capital financing to businesses, unlocking a significantly expanded addressable market beyond traditional BNPL in the Middle East.
- • Tabby now serves 25 million users, 65,000 global and local brands, and processes over $18 billion in annual transaction volume, establishing it as a major player in regional fintech infrastructure.
- • The funding round includes $100 million in employee liquidity through share tenders since 2023, providing significant wealth realization for current and former team members and improving retention among key personnel.
Summary
Saudi Arabian fintech Tabby has secured $233 million in Series F equity financing at a $6.5 billion valuation, marking a dramatic acceleration in the company's value growth. The round was led by Blue Pool Capital with participation from existing institutional investors Arbor Ventures, Wellington Management, and HSG. This valuation represents a near-doubling from Tabby's $3.3 billion assessment in February 2025 when it raised $160 million in Series E funding, and reflects the company's established momentum—it had previously doubled its $1.5 billion valuation from 2023's Series D round.
The timing of the funding round is strategically significant, arriving shortly after Tabby secured new regulatory licenses from Saudi financial authorities. These approvals grant the fintech permission to offer extended Shariah-compliant payment plans directly to consumers and to provide working capital financing solutions to businesses on its platform. CEO and co-founder Hosam Arab emphasized the strategic importance of these licenses, stating that they "allow us to build well beyond where Tabby started and this capital gives us more room to do that." The regulatory clearances substantially expand Tabby's addressable market beyond its founding buy-now-pay-later model into broader consumer and commercial financial services.
Tabby has demonstrated significant operational scale, now serving 25 million users across 65,000 global and local brands while processing over $18 billion in annual transaction volume. This positions the company as a critical infrastructure provider for digital commerce in the Middle East and broader regions it operates in. The company was founded in 2019 by Hosam Arab (CEO) and Daniil Barkalov (COO).
A noteworthy component of this funding round is the $100 million in employee liquidity realized through share tenders executed since 2023. This mechanism has allowed current and former employees to sell portions of their equity stakes, addressing retention concerns and aligning incentives across the organization during a period of rapid growth and expansion. According to Arab, this employee participation underscores confidence in the company's direction and provides meaningful wealth realization for team members who built the platform during its critical growth phase.
The valuation trajectory and institutional backing reflect strong investor conviction in Tabby's ability to leverage its new regulatory permissions while scaling its existing BNPL and payments infrastructure across the Middle East and adjacent markets.
The timing of the funding round is strategically significant, arriving shortly after Tabby secured new regulatory licenses from Saudi financial authorities. These approvals grant the fintech permission to offer extended Shariah-compliant payment plans directly to consumers and to provide working capital financing solutions to businesses on its platform. CEO and co-founder Hosam Arab emphasized the strategic importance of these licenses, stating that they "allow us to build well beyond where Tabby started and this capital gives us more room to do that." The regulatory clearances substantially expand Tabby's addressable market beyond its founding buy-now-pay-later model into broader consumer and commercial financial services.
Tabby has demonstrated significant operational scale, now serving 25 million users across 65,000 global and local brands while processing over $18 billion in annual transaction volume. This positions the company as a critical infrastructure provider for digital commerce in the Middle East and broader regions it operates in. The company was founded in 2019 by Hosam Arab (CEO) and Daniil Barkalov (COO).
A noteworthy component of this funding round is the $100 million in employee liquidity realized through share tenders executed since 2023. This mechanism has allowed current and former employees to sell portions of their equity stakes, addressing retention concerns and aligning incentives across the organization during a period of rapid growth and expansion. According to Arab, this employee participation underscores confidence in the company's direction and provides meaningful wealth realization for team members who built the platform during its critical growth phase.
The valuation trajectory and institutional backing reflect strong investor conviction in Tabby's ability to leverage its new regulatory permissions while scaling its existing BNPL and payments infrastructure across the Middle East and adjacent markets.
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