Tabby Revenue, Valuation, Funding & Investors

Tabby is valued at $6.5B as of September 2026, a 17.2x multiple on its last reported $378M revenue.

See full Tabby profile

Last Tabby valuation

$6.5B

Series F · Sep 2026

Last Tabby funding round

$233M

Series F · Sep 2026

Tabby revenue

$378M

Series F · Sep 2026

Key investors in Tabby

  • Arbor Ventures
  • Mubadala
  • STV
  • Global Founders Capital
  • Wellington Management
  • Blue Pool Capital

Tabby Overview

About Tabby

Tabby is a Dubai-headquartered buy-now-pay-later provider operating in UAE, Saudi Arabia, and Kuwait. Founded in 2020 as a unicorn valued at $3.5 billion, it partners with 20,000 retailers like IKEA and Adidas for interest-free installments over four payments. The platform serves 5 million users with virtual cards and credit limits up to AED 20,000.


Founded

2019

HQ

Saudi ArabiaRiyadh

Website

tabby.ai

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Commission

Revenue

$378M (Sep 2026)

Valuation

$6.5B (Sep 2026)

Tabby Valuation

Tabby is currently valued at $6.5B, based on its Series F in September 2026.

The $233M round was led by Blue Pool Capital, with participation from Wellington Management, Arbor Ventures and HSG.

Tabby's valuation has grown 22x from $300M at its Series B in August 2021 to $6.5B in September 2026, across 6 priced rounds.

Tabby valuation by funding round

Revenue multiple
Tabby valuation by funding round
DateStageValuationRevenue Multiple
Sep 2026Series F$6.5B17.2x
Oct 2025Secondary$4.5B11.9x
Feb 2025Series E$3.3B34.4x
Nov 2023Series D$1.5B-
Jan 2023Series C$660M-
Aug 2021Series B$300M-

Tabby Revenue

Tabby's latest recorded revenue is $378M, as of its Series F in September 2026. At a $6.5B valuation, that implies a 17.2x revenue multiple.

Revenue grew from $96M in February 2025 to $378M in September 2026, while the revenue multiple moved from 34.4x to 17.2x.

Tabby revenue by funding round

Tabby revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Sep 2026$378M$6.5B17.2xSeries F
Oct 2025$378M$4.5B11.9xSecondary
Feb 2025$96M$3.3B34.4xSeries E

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Tabby Funding History

Tabby has raised a total of $837M across 10 funding rounds, plus 1 secondary share sale.

Tabby's first fundraising round was a $2M seed round in November 2019. The most recent completed round was a $233M Series F in September 2026.

Tabby funding rounds

Tabby funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2026Series FBlue Pool Capital (lead); Wellington Management; Arbor Ventures; HSG$233M$6.5BTabby raised $233 million in a Series F equity round led by Blue Pool Capital, with participation from existing investors HSG, Wellington Management and Arbor Ventures, at a $6.5 billion valuation in September 2026. The round included a liquidity option for employees and was described as supporting expansion into broader credit and money management, with the company also positioning the financing as part of its move beyond buy now, pay later into consumer and SME lending, digital wallets, accounts, cards and money transfers. Tabby is a Riyadh-based fintech operating across Saudi Arabia and the UAE, originally known for buy-now-pay-later services and later expanding toward a wider financial services platform. The company said the new capital would accelerate growth in its financial services offering and build out teams and products to serve customers across more of their financial lives, while also reflecting earlier secondary sales for employees and prior valuation increases before this Series F round.
Oct 2025SecondaryBoyu Capital; HSG-$4.5BIn October 2025, Tabby completed a secondary share sale in which HSG, Boyu Capital, and other investors acquired shares from existing shareholders, implying a $4.5B valuation for the company. The transaction was secondary only, with no new Tabby shares issued and no proceeds received by Tabby. The deal reflected continued investor demand for exposure to Tabby after its earlier 2025 financing round, which had valued the company lower. The October transaction was described as involving existing investors selling down part of their holdings while new backers bought in, supporting Tabby’s position as one of the region’s most valuable fintech companies. Tabby is a Saudi Arabia–headquartered financial services app focused on consumer spending and payments. In the October 2025 transaction, Boyu Capital participated alongside HSG as a co-investor in the secondary sale.
Feb 2025Series EBlue Pool Capital (lead); Hassana Investment Company (HIC) (lead); Wellington Management; STV$160M$3.3BTabby, a Riyadh-headquartered buy-now-pay-later (BNPL) fintech founded in 2019, raised $160 million in a Series E funding round in February 2025, achieving a post-money valuation of $3.3 billion, making it the most valuable VC-backed startup in the MENA region. The round was led by Blue Pool Capital and Hassana Investment Company (HIC), with participation from STV and Wellington Management. This marked a significant increase from its prior valuation, doubling to $3.3 billion, and positioned the company for further expansion ahead of a potential IPO. At the time of the round, Tabby reported over 15 million registered users and partnerships with more than 40,000 sellers across Saudi Arabia, UAE, and Kuwait, driving annualized transaction volumes (or sales volume) exceeding $10 billion, nearly doubling since its October 2023 funding. The company has expanded beyond core BNPL with products like Tabby Card for flexible payments, Tabby Plus subscription, Tabby Shop for deal discovery, Tabby Care for buyer protection, and the acquisition of Saudi digital wallet Tweeq. Proceeds are earmarked for accelerating financial services including digital spending accounts, payments, cards, and money management tools. Tabby's business model primarily monetizes through 3-4% merchant fees per transaction, enabling interest-free installments for customers while boosting merchant conversion and basket sizes. In H1 2025 financials (post-round), the Saudi entity reported net profit of SAR 90.4 million ($24 million), up 360% YoY, driven by 43% higher merchant commissions (SAR 592.8M/$158M), 136% jump in customer extension fees (SAR 37.3M/$9.95M), and lower credit loss provisions, despite no late fees per Shariah compliance and rising expenses. Merchant commission income is noted as a key revenue component. By October 2025, Tabby's valuation rose to $4.5 billion in a secondary sale, reflecting continued momentum. Total funding reached $1.65 billion by 2025, with strong operational efficiency and profitability highlighted by investors.
Dec 2023Series DHassana Investment Company (HIC) (lead); Saudi Venture Capital Company; Soros Capital Management$50M--
Nov 2023Series DWellington Management (lead); Arbor Ventures; Saudi Venture Capital Company; Blue Pool Capital; Hassana Investment Company (HIC); Soros Capital Management; STV; Mubadala$200M$1.5BTabby is a Riyadh-headquartered buy-now-pay-later (BNPL) platform founded in 2019, offering interest-free installment payments for online and in-store purchases across the MENA region, primarily monetizing through 3-4% merchant fees per transaction. It has expanded into broader financial services, including Tabby Card for flexible payments, Tabby Plus subscription, Tabby Care buyer protection, longer-term plans, and Tabby Shop for deals, while acquiring Saudi digital wallet Tweeq. In November 2023, Tabby raised $200 million in a Series D round led by Wellington Management, with participation from Arbor Ventures, Blue Pool Capital, Hassana Investment Company, Mubadala, Saudi Venture Capital Company, Soros Capital Management, and STV, achieving a post-money valuation of $1.5 billion and unicorn status in the MENA region. This followed a $58 million Series C in January 2023 at $660 million valuation led by Sequoia Capital India and STV with PayPal Ventures, and earlier Series B rounds totaling over $100 million. The round supported Tabby's growth phase, with operations expanding to markets like Egypt and product diversification into consumer financial services. By late 2023 into 2024, Tabby reported over 15 million registered users, 40,000+ merchants, and annualized transaction volumes doubling to over $10 billion post-Series D, while maintaining profitability paths. Subsequent developments include a February 2025 Series E of $160 million led by Blue Pool Capital and Hassana with STV and Wellington, valuing Tabby at $3.3 billion—the highest for a MENA VC-backed startup—and a 2025 secondary sale at $4.5 billion. Funds fueled further expansion into digital spending accounts, payments, cards, and money management ahead of a planned IPO, aligning with Saudi Vision 2030's cashless economy push. Later financials show H1 2025 net income of SAR 90.4 million from finance commissions and merchant fees.
Jan 2023Series CPeak XV Partners (lead); STV (lead); Arbor Ventures; Endeavor Catalyst; Mubadala$58M$660MTabby is a MENA-based buy now, pay later (BNPL) fintech startup headquartered in Dubai, enabling consumers to split purchases into interest-free installments, targeting markets like Saudi Arabia, UAE, and expanding into Egypt. The company launched in 2019 and has raised over $410 million in equity and debt by early 2023. On January 17, 2023, Tabby secured a $58 million Series B extension round led by Peak XV Partners (formerly Sequoia Capital India) and STV, with participation from Mubadala Investment Capital, Arbor Ventures, Endeavor Catalyst, and PayPal Ventures, marking PayPal Ventures' first investment in the GCC region. The round valued Tabby at a post-money valuation of $660 million, doubling its valuation from 18 months prior despite a smaller raise amid global valuation pressures, positioning it as one of the most valuable startups in the MENA region at the time. Funds were earmarked for expanding product offerings into broader consumer financial services, such as everyday purchases like groceries without credit cards, and supporting operational growth. CEO Hosam Arab highlighted the valuation as validation of product-market fit and sustainable business building in a competitive BNPL space against rivals like Tamara, Sympl, and Khazna. Peak XV's GC Ravishankar noted Tabby's potential for innovative products enhancing affordability and access. This investment built on prior rounds, including a Series B extension in June prior. Subsequent developments include a $200 million Series D in October 2023, a $160 million Series E pre-IPO in February 2025 at $3.3 billion valuation led by Blue Pool Capital and Hassana with STV participation, and a secondary share sale reaching $4.5 billion valuation backed by HSG and Boyu Capital.
Mar 2022Series BPeak XV Partners (lead); STV (lead); Arbor Ventures; Global Founders Capital; Mubadala$54M-Tabby is a fintech platform that enables customers to divide payments into four monthly installments with 25 percent paid upfront. The company raised $54 million in a Series B round in March 2022 led by Peak XV Partners and STV, with participation from other investors including Global Founders Capital, Mubadala Investment Capital, Arbor Ventures, and PayPal Ventures. The company continued fundraising, ultimately raising $160 million in a Series E round in February 2025 at a $3.3 billion valuation, with plans to prepare for an IPO.
Aug 2021Series BGlobal Founders Capital (lead); STV (lead); Jameel Investment Management Company; Arbor Ventures; VentureSouq; HOF Capital; Outliers Venture Capital; Mubadala; Delivery Hero; MSA Novo; Global Ventures; Raed Ventures$50M$300MTabby is a UAE-based buy now, pay later (BNPL) fintech platform operating as the leading provider in Saudi Arabia and the UAE. The company enables users to shop and pay later across a portfolio of over 3,000 global and regional retail partners, including brands like Adidas, IKEA, SHEIN, and regional retailers such as Chalhoub Group and Al Futtaim Group. In August 2021, Tabby closed a $50 million Series B funding round led by Global Founders Capital and STV at a post-money valuation of $300 million. The round included participation from existing investors Arbor Ventures, Mubadala Investment Capital, Raed Ventures, Global Ventures, MSA Capital, VentureSouq, Outliers VC, JIMCO, and HOF, as well as new investors Delivery Hero and CCVA. This funding brought Tabby's total capital raised to over $130 million within less than two years of its November 2019 seed round. The company used the proceeds to expand its product portfolio and enter new markets across the MENA region. By the time of this round, Tabby had established merchant relationships with more than 2,000 partners spanning both global luxury and regional retail segments, positioning itself as a rapidly scaling fintech solution in the Middle East.
Dec 2020Series AArbor Ventures (lead); Mubadala (lead)$23M-Tabby is a buy-now-pay-later (BNPL) platform offering interest-free installment payments for online and in-store purchases across the Middle East, including Saudi Arabia, UAE, and Kuwait. Founded in 2019 and headquartered in Riyadh, it monetizes primarily through merchant fees of approximately 3-4% per transaction, along with customer subscription services like Tabby Plus and card fees. The company secured a $23 million Series A funding round in December 2020 from investors including Arbor Ventures and Mubadala, following a $7 million seed round in June 2020. In 2020, Tabby's annual customer spending, reported as transaction volume or GMV, reached $0.3 billion, with a user base of 0.4 million and partnerships with around 2,000 merchants. The platform focused on rapid user acquisition and merchant network expansion in the early stages. Tabby has since scaled dramatically, achieving over $10 billion in annualized transaction volume by 2024-2025, 15 million users, and 40,000+ merchant partners. Total equity funding reached approximately $602 million by 2025, plus over $1 billion in debt facilities. Later rounds included a $160 million Series E in February 2025 at $3.3 billion valuation and a $4.5 billion secondary valuation in October 2025. The company became profitable, reporting SAR 90.4 million net income in H1 2025, driven by net financing commissions of SAR 314.26 million and merchant fees of SAR 592.8 million.
Jun 2020SeedRaed Ventures (lead); Arbor Ventures; MSA Novo$7M-Tabby is a buy-now-pay-later (BNPL) fintech platform founded in 2019, operating in Saudi Arabia, the UAE, and Kuwait. The company provides flexible payment solutions for online and in-store purchases through interest-free installments, serving both consumers and merchants including major brands such as Adidas, IKEA, SHEIN, and Amazon. By August 2021, when Tabby completed its $50 million Series B round led by Global Founders Capital and STV, the company was valued at $300 million and had grown to over 400,000 active users with 3,000 daily app installs. The company later achieved a $3.3 billion valuation in February 2025 with its Series E round and subsequently reached a $4.5 billion valuation through secondary market activity in late 2025.
Nov 2019SeedGlobal Founders Capital (lead); Arbor Ventures; Wamda Capital$2M--

Who has invested in Tabby?

22 investors have backed Tabby across its funding rounds, including Arbor Ventures, Mubadala, STV, Global Founders Capital, Wellington Management and Blue Pool Capital.

Lead investors include Blue Pool Capital, Hassana Investment Company (HIC), Wellington Management, Peak XV Partners, STV and 4 other investors.


Tabby Investors

Investors in Tabby by funding rounds participated
InvestorHQRoundsRoleFirst check
Arbor VenturesSingaporeSingapore8LeadNov 2019
STVSaudi ArabiaRiyadh5LeadAug 2021
MubadalaUAEAbu Dhabi5LeadDec 2020
Wellington ManagementUnited StatesBoston, MA3LeadNov 2023
Blue Pool CapitalHong KongHong Kong3LeadNov 2023
Hassana Investment Company (HIC)Saudi ArabiaRiyadh3LeadNov 2023
Global Founders CapitalGermanyBerlin3LeadNov 2019
Saudi Venture Capital CompanySaudi ArabiaRiyadh2ParticipantNov 2023
Soros Capital ManagementUnited StatesNew York City, NY2ParticipantNov 2023
MSA NovoSingaporeSingapore2ParticipantJun 2020
HSGHong KongHong Kong2ParticipantOct 2025
Raed VenturesSaudi ArabiaRiyadh2LeadJun 2020
Peak XV PartnersIndiaBangalore2LeadMar 2022

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Acquisitions by Tabby

Tabby has acquired 1 company to date.

Last acquisition by Tabby was on September 3rd 2024. Tabby acquired Tweeq for undisclosed valuation.


Latest Acquisitions by Tabby

Tweeq
Description
Tweeq is a Middle East-based fintech delivering customized payment gateways and banking solutions for businesses.
HQ CountrySaudi Arabia
HQ City
Riyadh
Deal Date3 Sep 2024
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Tabby Competitors

Tabby competitors include listed companies like PayPal and Block, and private ones like Rappi, CRED, Sunbit and Swile.

Public and private companies comparable to Tabby
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RappiColombiaBogotáPrivate$856M-$5.3B6.1x
CREDIndiaBangalorePrivate$290M-$4.5B15.6x
SunbitUnited StatesLos Angeles, CAPrivate--$1.1B-
SwileFranceParisPrivate$23M-$1B43.5x
PayPalUnited StatesUnited StatesPublicly listed$33B$7.2B$45B1.4x
BlockUnited StatesUnited StatesPublicly listed$24B$2.2B$46B1.6x

Tabby Public Comps

Tabby is still privately-owned, but its public comps include BGC Group, Temenos, Klarna, Marex Group, ACI Worldwide, Paymentus, dLocal, Bread Financial, Kaspi.kz and Affirm.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
BGC Group$2.9B$389M2.4x2.1x17.7x-
Temenos$1.1B$466M5.7x5.4x13.3x13.7x
Klarna$3.5B$551M1.5x1.3x9.6x27.5x
Marex Group$3.6B$1.2B2.4x3.5x7.3x14.4x
ACI Worldwide$1.8B$456M3.3x3.1x12.8x10.9x
Paymentus$1.2B$117M3.5x3.0x35.8x24.8x
dLocal$1.1B$229M3.1x2.3x14.6x10.7x
Bread Financial$3.8B-1.3x1.3x--

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Common questions about Tabby

When was Tabby founded?Tabby was founded in 2019.
Where is Tabby headquartered?Tabby is headquartered in Riyadh, Saudi Arabia.
Is Tabby publicly listed?No, Tabby is a private, VC-backed company.
What is Tabby's valuation?Tabby was last valued at $6.5B in its Series F in September 2026.
How much funding has Tabby raised?Tabby has raised $837M across 10 funding rounds.
What was Tabby's last funding round?Tabby's last funding round was a $233M Series F in September 2026, led by Blue Pool Capital.
Who are Tabby's investors?Tabby's investors include Arbor Ventures, STV, Mubadala, Wellington Management, Blue Pool Capital, Hassana Investment Company (HIC), Global Founders Capital, Saudi Venture Capital Company, Soros Capital Management, MSA Novo and 12 others.
What is Tabby's revenue?Tabby's latest recorded revenue is $378M (September 2026).
What is Tabby's revenue multiple?Tabby's latest valuation implies a 17.2x revenue multiple ($6.5B valuation on $378M of revenue).
Which companies are comparable to Tabby?Companies comparable to Tabby include Rappi, CRED, Sunbit, Swile, PayPal and Block.
How many companies has Tabby acquired?Tabby has acquired 1 company, including Tweeq.

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