• Tabby raised $160M in Series E funding, expanding beyond BNPL with new services and a focus on financial growth.
• The company’s growth includes doubling transaction volume, acquiring Tweeq, and launching new products like Tabby Card and Tabby Plus.
• With IPO plans ahead, Tabby aims to expand financial services, support Saudi Arabia’s Vision 2030 and prepare for future growth.

From BNPL startup to IPO, Tabby’s latest funding round suggests its thinking is much bigger. Tabby raised USD 160 million in a Series E funding round led by Blue Pool Capital and Hassana Investment Company, STV and Wellington Management.

This funding round isn’t just about Tabby’s latest valuation, it is a snapshot of a shift in its journey from BNPL to a broader financial player. With new products and IPO ambitions on the horizon, the company is gearing up for its next big move. 

Recent Achievements 

Since October 2023, Tabby has nearly doubled its transaction volume to over USD 10 billion and increased profitability. The company has expanded beyond BNPL with the acquisition of Tweeq, a Saudi digital wallet. It has also launched new offerings, including Tabby Card for flexible payments, Tabby Plus subscription service, and Tabby Shop for finding the best deals. Additionally, Tabby Care provides buyer protection, marking the company’s move toward a more comprehensive financial platform.

Investor Confidence: Christopher Wu, Chief Investment Officer at Blue Pool Capital, said: “Their strong revenue growth and operational efficiency sets them apart from other fintech companies globally. We are incredibly excited to support the team on their mission.”

Next Leap

With this funding, Tabby plans to fast-track its expansion into digital spending accounts, payments, cards, and money management tools. This move also supports Saudi Arabia’s Vision 2030, contributing to the Kingdom’s shift toward a cashless economy. As Tabby gears up for its upcoming IPO, this financing round sets the stage for the company’s next big leap. Thus, reinforcing its goal to shape the future of financial services across the Middle East.

What is an IPO? It is when a company offers its shares to the public for the first time, allowing them to buy stakes in the company. 

Why is this significant? Because it transitions the company from being privately held to publicly traded, opening the opportunity  to raise capital for growth or expansion. In Tabby’s case, it aim to expand its financial services to support its growth journey.

“This investment allows us to accelerate our rollout of products that make managing money simpler and more rewarding for our customers. We’re focused on creating tangible impact—helping people take control of their finances with tools that are accessible, effortless and built for their everyday lives.”

Hosam Arab, CEO and Co-Founder of Tabby