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Tabby has raised $233 million in a new funding round that values the Dubai buy now, pay later group at $6.5 billion, nearly double the $3.3 billion valuation it set in its February 2025 Series E. The round was led by existing investor Blue Pool Capital, with HSG, Wellington Management and Arbor Ventures also participating, and is subject to regulatory approval including final sign-off from the Saudi Central Bank (SAMA).
Key Takeaways
| Tabby has raised $233 million at a $6.5 billion valuation, led by existing investor Blue Pool Capital with HSG, Wellington Management and Arbor Ventures also participating, nearly doubling its valuation from the $3.3 billion set in its February 2025 Series E. | The company says it has been profitable since 2023, processes more than $18 billion annually across 25 million registered users and 70,000 business partners, and has let staff cash out over $100 million in secondary share sales since turning profitable. | The new capital is earmarked for credit, working capital and money-management products in Saudi Arabia and the UAE, building on Saudi Central Bank consumer and SME finance licences, the acquisition of digital wallet Tweeq, and Tabby Cash, its UAE stored-value account launched under a Central Bank of the UAE licence. |
Hosam Arab, chief executive 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.”
The numbers behind the valuation
Tabby says it has been profitable since 2023, a claim that sets it apart from much of the BNPL sector globally, and now processes more than $18 billion in transactions annually across 25 million registered users and 70,000 corporate business partners, including Amazon, Apple, IKEA, Jarir, Samsung, SHEIN and noon. Since turning profitable, the company has run staff share tenders allowing employees to cash out more than $100 million in secondary sales, a detail Tabby is using to signal that its growth hasn’t come at the expense of sustainable unit economics.
From a checkout button to a licensed finance platform
The new funding continues a shift Tabby has been building toward for over a year: moving from a single BNPL product into a broader financial services platform. In Saudi Arabia, it holds Saudi Central Bank licences covering consumer and SME finance and has acquired Tweeq, a SAMA-licensed digital wallet provider. In the UAE, it holds a Stored Value Facilities licence from the Central Bank of the UAE, under which it launched Tabby Cash, a fee-free money account with a linked debit card, earlier this year.
Why it matters
For BNPL providers racing toward full financial services
Tabby’s rival Tamara secured a licence from Saudi Arabia’s central bank to offer full consumer finance in March 2025, and the two companies have been converging on the same playbook since: use a BNPL customer base as the entry point, then layer licensed banking-adjacent products on top. A $6.5 billion valuation for a company explicitly describing itself as moving beyond payments is a signal to the rest of the region’s BNPL sector that investors are pricing in that broader ambition, not just instalment volume.
For the UAE and Saudi regulatory pathway BNPL firms are following
Tabby’s dual-market licensing, consumer and SME finance permissions in Saudi Arabia, a Stored Value Facilities licence in the UAE, gives other GCC BNPL and fintech players a concrete precedent for how to expand from a single-product licence into a genuine multi-country financial services footprint, rather than a hypothetical roadmap.
What’s next
The round remains subject to regulatory approval, including sign-off from SAMA, so it isn’t yet fully closed. Tabby hasn’t disclosed a specific timeline or product list for the “credit, working capital and money management” expansion the new capital is earmarked for, beyond what’s already live through Tweeq and Tabby Cash. Whether the next products launch under Tabby’s own licences or through further acquisitions, as with Tweeq, is the detail worth tracking.
FAQ
How much did Tabby raise and at what valuation?
$233 million at a $6.5 billion valuation, up from $3.3 billion in its February 2025 Series E.
Who invested in Tabby’s latest funding round?
Blue Pool Capital led the round as an existing investor, with HSG, Wellington Management and Arbor Ventures also participating.
Is Tabby profitable?
Tabby says it has been profitable since 2023, and has allowed staff to cash out more than $100 million in secondary share sales since then.
Does Tabby Affect Your Credit Score in the UAE?
Yes, as of July 2026. Etihad Credit Bureau, the UAE’s federal credit bureau, began folding Tabby account and repayment data into UAE credit reports that month, covering both new and existing Tabby customers and pulling in relevant historical transactions, not just activity going forward.
Does the funding round still need approval?
Yes. It’s subject to regulatory approvals, including final sign-off from the Saudi Central Bank.
Editor’s Take: $3.3 billion valuation in February 2025, $4.5 billion by a secondary sale in October, now $6.5 billion. That speed is unusual for a company whose headline product is an interest-free instalment plan on IKEA furniture. It makes sense once you read it as investors pricing Tabby primarily as a licensed financial services platform, with the BNPL business functioning as the customer-acquisition engine underneath it.
The profitability claim is doing real work in that story too. A lot of BNPL valuations globally have taken a hit precisely because profitability never materialised at scale. Tabby stating profitability since 2023, and backing it with real staff liquidity events rather than just a topline claim, is the kind of detail that makes the broader financial services platform pitch credible instead of aspirational.