Tabby raises $160 million in series E round, becomes MENA’s most valuable Fintech at $3.3 billion

Tabby has secured $160 million in a Series E funding round, boosting its valuation to $3.3 billion, according to a press release. This milestone cements Tabby as the most valuable fintech company in the region.

The funding round was led by Blue Pool Capital and Hassana Investment Company, with additional participation from STV and Wellington Management. Since its last funding round in October 2023, Tabby has nearly doubled its annualized transaction volume, surpassing $10 billion, while maintaining profitability.

In a move to expand its portfolio, the company recently acquired Tweeq, a Saudi-based digital wallet, and introduced several new products. Tabby Card now allows flexible payment options beyond checkout, while Tabby Plus offers a subscription-based program. The company has also evolved its core Buy Now, Pay Later offering with longer-term payment plans, Tabby Shop to help users find the best deals, and Tabby Care, a buyer protection program.

The fresh funds will be used to accelerate the expansion of Tabby’s financial services, including digital spending accounts, payments, cards, and money management tools. The company aims to support Saudi Arabia’s Vision 2030 by driving the Kingdom’s transition toward a cashless economy. The financing also positions Tabby strongly for its upcoming IPO, marking a pivotal moment in its growth trajectory.

Hosam Arab, CEO and Co-Founder of Tabby, emphasized the company’s commitment to simplifying financial management. He stated that the investment allows them to accelerate the rollout of products that make managing money simpler and more rewarding for customers, focusing on creating tangible impact by providing accessible and effortless financial tools.

Christopher Wu, Chief Investment Officer at Blue Pool Capital, highlighted Tabby’s ability to innovate and deliver exceptional products, noting that its strong revenue growth and operational efficiency set it apart from other fintech companies globally. Ahmed Al Qahtani, Chief Investment Officer for Regional Markets at Hassana Investment Company, expressed confidence in Tabby’s momentum and execution, adding that the company’s dedication to delivering innovative financial solutions reinforces belief in its bright future.

As 2025 begins, Tabby boasts more than 15 million registered users and over 40,000 sellers, driving an annualized sales volume of over $10 billion. With its latest funding and strategic expansions, Tabby is well-positioned to lead the next generation of financial services in the Middle East.