Tabby’s Growth in Numbers

Tabby hit the ground running by securing its first seed funding of US $2 million from Global Founders Capital. This initial capital laid the groundwork for building its proprietary technology and assembling a team to execute its ambitious plans.

By 2020, Tabby raised an additional US $7 million in a seed round led by Raed Ventures, followed by a US $23 million Series A led by Arbor Ventures and Mubadala. These rounds enabled Tabby to scale its operations and roll out its BNPL platform beyond Dubai to cover the UAE and Saudi Arabia—two of the region’s largest and most dynamic retail markets. This early expansion cemented Tabby’s position as a key player in the MENA region, empowering millions of consumers to shop with greater flexibility.

By late 2024, Tabby’s user base has grown to over 14 million, with a network of more than 40,000 retailers and small businesses. As Tabby prepares for its IPO, it stands as one of the Middle East’s most prominent Fintech success stories, poised to reshape the region’s financial landscape while contributing meaningfully to Saudi Arabia’s ambitious Vision 2030 goals.