Tabby Raises $233Mn in Series F to Expand Financial Services

What is Tabby?

Founded in 2019, Tabby is a financial technology company that started with buy now, pay later (BNPL) services. It allows customers to split payments and has since expanded into a wider range of financial services.

The company now offers products beyond BNPL, including financing, digital wallet services, accounts, cards, and money transfers. Its services are available across Saudi Arabia and the UAE.

How Much Funding Has Tabby Raised?

Tabby has raised $233 million in its latest Series F round at a $6.5 billion valuation.

The new valuation is around 44% higher than the $4.5 billion valuation linked to a secondary share sale in October 2025. It is also almost twice the $3.3 billion valuation from Tabby's $160 million Series E round in February 2025.

Who Invested in Tabby's Series F?

Blue Pool Capital led the Series F round. HSG, Wellington Management, and Arbor Ventures joined the financing as existing shareholders.

Blue Pool Capital has backed Tabby since its Series D round in 2023 and also co-led the company's Series E financing.

Why the Funding Matters

The new capital will help Tabby move further into financial services beyond BNPL. The company plans to expand its credit and money management products in Saudi Arabia and the UAE.

In Saudi Arabia, Tabby holds consumer and SME finance licences and has acquired Tweeq, a digital wallet licensed by the Saudi Central Bank. In the UAE, the company has received a Stored Value Facilities licence and launched Tabby Cash, which provides spending, card, and transfer services.

Who founded Tabby?

Tabby was founded in 2019 by Hosam Arab and Daniil Barkalov. The company is headquartered in Saudi Arabia and has expanded its financial services across the region.

Market and Business Growth

Tabby says it has been profitable since 2023. The company currently processes more than $18 billion in annualised transaction volume.

Its platform has 25 million registered users and works with 70,000 business partners across its markets. At the time of its Series E round, Tabby reported $10 billion in annualised transaction volume, 15 million customers, and 40,000 merchants.

The company's Saudi subsidiary generated about $378 million in revenue and $55 million in net profit in 2025. Revenue increased 42% year over year, while net profit grew 82%.

leadership statements

Hosam Arab, CEO and Co-Founder of Tabby, said: "We began with a button at an online checkout to help people spread costs over time. Everything since, every product and every licence, has come back to the same idea: people deserve more from their money. This round means we can build further on that, without changing how we think about growth or discipline."

Christopher Wu, Chief Investment Officer at Blue Pool Capital, said: “Tabby has demonstrated an impressive ability to innovate for their customers, evolving beyond payments to become the trusted platform for millions of people managing, spending and growing their money across the region. We are proud of our partnership with Tabby over the past three years, and we are excited to continue supporting the impressive growth of the company with this financing.”

What Happens Next?

Tabby plans to use the new funding to continue expanding its financial services business in Saudi Arabia and the UAE. Its focus will move further into credit, accounts, cards, payments, and money-management products.

The transaction is still subject to applicable regulatory approvals, including approval from the Saudi Central Bank.

Read Also - Ondas Acquires Israeli Gate Technologies for $205 Million to Expand into Munitions