.png)
.png)
Total amount raised
$1.8B
Latest funding date
2025-10-27
Location
Tabby has successfully raised funds over 14 rounds, attracting a diverse group of 29 investors, including notable names like Boyu Capital and HSG. The platform offers a unique "buy now, pay later" service, allowing customers to split their purchases into multiple interest‑free payments.
Keep reading to explore the intricacies of Tabby's fundraising journey and the investors backing this innovative platform.
Tabby has raised funding across multiple rounds backed by over 29 investors, including notable names like Boyu Capital, HSG, Wellington Management, Blue Pool Capital, and Hassana Investment Company.
Keep reading to explore Tabby's fundraising journey, from its 2019 seed round to its 2025 secondary market transaction at a $4.5 billion valuation.
What Is Tabby?
Tabby is a private financial services and shopping app headquartered in Riyadh, Saudi Arabia. Founded in 2019 by Hosam Arab and Daniil Barkalov, the company offers buy now, pay later (BNPL) solutions and consumer finance products across Saudi Arabia, UAE, Kuwait, and Egypt. Tabby operates in the fintech, payments, and financial services sectors and employs between 1,000–5,000 people. It is widely regarded as MENA's most valuable fintech company.
How Much Funding Has Tabby Raised?
- Seed Round
- Amount Raised: USD 2,000,000
- Date: November 2019
- Lead Investors: Global Founders Capital
- Participants: Arbor Ventures, Wamda Capital
- Seed Round (Extension)
- Amount Raised: USD 7,000,000
- Date: June 2020
- Lead Investors: Raed Ventures
- Participants: MSA Capital, Arbor Ventures
- Series A
- Amount Raised: USD 23,000,000
- Date: December 2020
- Lead Investors: Arbor Ventures, Mubadala Investment Capital
- Series B
- Amount Raised: USD 50,000,000
- Date: August 2021
- Lead Investors: Global Founders Capital, STV
- Participants: Delivery Hero, CCVA, existing investors
- Valuation: USD 300,000,000
- Series B Extension
- Amount Raised: USD 54,000,000
- Date: March 2022
- Lead Investors: Sequoia Capital India (Peak XV Partners), STV
- Participants: Arbor Ventures, Mubadala Investment Capital, Global Founders Capital
- Debt Financing
- Amount Raised: USD 150,000,000
- Date: August 2022
- Lead Investors: Atalaya Capital Management, Partners for Growth (PFG)
- Series C
- Amount Raised: USD 58,000,000
- Date: January 2023
- Lead Investors: Sequoia Capital India (Peak XV Partners), STV
- Participants: PayPal Ventures, Mubadala Investment Capital, Arbor Ventures
- Valuation: USD 660,000,000
- Debt Financing
- Amount Raised: USD 350,000,000
- Date: June 2023
- Lead Investors: Partners for Growth (PFG), Atalaya Capital Management, CoVenture
- Series D
- Amount Raised: USD 200,000,000
- Date: November 2023
- Lead Investors: Wellington Management
- Participants: Blue Pool Capital, STV, Mubadala Investment Capital, PayPal Ventures, Arbor Ventures
- Valuation: USD 1,500,000,000
- Series D Extension
- Amount Raised: USD 50,000,000
- Date: December 2023
- Lead Investors: Hassana Investment Company (HIC)
- Debt Financing (Receivables Securitization)
- Amount Raised: USD 700,000,000
- Date: December 2023
- Lead Investors: J.P. Morgan
- Series E
- Amount Raised: USD 160,000,000
- Date: February 2025
- Lead Investors: Blue Pool Capital, Hassana Investment Company (HIC)
- Participants: Wellington Management, STV
- Valuation: USD 3,300,000,000
- Secondary Market
- Amount Raised: Undisclosed (shares acquired from existing holders; no new capital issued to Tabby)
- Date: October 2025
- Lead Investors: HSG, Boyu Capital
- Implied Valuation: USD 4,500,000,000
Total Amount Raised: At least $1,804,000,000 based on disclosed funding (equity + debt rounds with known amounts; secondary market transaction amount undisclosed).
Key Investors
- Boyu Capital
- Details: Boyu Capital is a leading Chinese private equity firm with a focus on consumer, healthcare, and technology sectors. They participated in Tabby's October 2025 secondary market transaction and are among Tabby's lead investors in that round.
- HSG
- Details: HSG is an investment firm that co-led the October 2025 secondary share sale alongside Boyu Capital, helping push Tabby's implied valuation to $4.5 billion.
- Wellington Management
- Details: Wellington Management is a global institutional investment firm that led Tabby's $200 million Series D in November 2023 and also participated in the Series E round.
- Blue Pool Capital
- Details: Blue Pool Capital is a private investment firm that co-led Tabby's $160 million Series E in February 2025 and previously participated in the Series D round.
- Hassana Investment Company (HIC)
- Details: Hassana Investment Company is the investment management arm of the General Organization for Social Insurance (GOSI) in Saudi Arabia. HIC led the Series D extension in December 2023 and co-led the Series E in February 2025.
- STV
- Details: STV is the largest independent venture capital fund in MENA with over $500 million AUM. STV has been a long-term backer of Tabby, participating in multiple rounds from Series B through Series E.
- J.P. Morgan
- Details: J.P. Morgan provided Tabby with a $700 million receivables securitization facility in December 2023 — the largest asset-backed facility secured by a fintech in the MENA region.
What's Next for Tabby?
Tabby is positioning itself for a potential IPO, widely speculated to take place on the Saudi Exchange (Tadawul). The company has been expanding beyond its core BNPL offering into broader financial services, including savings products and a shopping app ecosystem. With profitability achieved in Saudi Arabia and a $4.5 billion implied valuation from its October 2025 secondary sale, Tabby continues to be MENA's most valuable fintech startup. Future plans include expanding its footprint in existing markets and potentially entering new geographies.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data. Sign up for free today.
