Series B

Series A

Pre-Seed

Seed

Africa

Rest of World

New York

Series C

Series D

Hisham Elhaddad

Onsi Sawiris

Fady Yacoub

Karim Fattal

If you're ready to take your business to the next level with HOF Capital, we want to hear your pitch.

Investment in Startup

Discover HOF Capital's approach to funding innovation in technology. Explore detailed profiles on Lucidity Insights.

HOF Capital

HOF Capital is a multi-stage venture capital firm. Backed by over 200 influential, industry leaders, we look for relentlessly ambitious founders and help them build generational companies. HOF supports entrepreneurs by providing them with long-term-focused capital from idea to IPO, and helping them structure meaningful partnerships with enterprises in its LP network.

Riyadh

Tabby

Fintech

BNPL

Lending

E-Commerce

Tabby is a buy now, pay later (BNPL) platform that allows shoppers to split their purchases into multiple installments at no additional cost from various merchants.

San Francisco

Flutterwave

Payment

Finance

Flutterwave is a fintech company that provides payment solutions for businesses.

Dar es Salaam

Nala

Banking

NALA is an application that acts as an interface on top of the mobile money payment systems that allows the user to make transfers, payments, and transactions seven times faster, without data connectivity.

Kampala

Asaak

Asaak is a fintech company that provides asset financing to mobility workers across emerging markets.

Cairo

Minly

Social Networking

Minly is an online platform for celebrities and fans to connect through a new form of personalized experiences.

Dubai

MyAlice

Retail & Wholesale

Retail

Artificial Intelligence

Artificial Intelligence (AI)

Internet

Internet Marketplace Platforms

Increase your sales and engagement by delivering personalized messages at key moments throughout the customer journey. Conversational commerce platform that automates customer support,  engagement & whatsapp marketing for growing eCommerce and DTC brands.

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Startups
Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation
Tage Kene-Okafor
2:59 AM PDT • August 4, 2021
Comment

Tabby
Image Credits: Tabby
These past few years have seen the emergence of buy now, pay later services worldwide, with leading players raising buttloads of cash to serve an insatiable young adult population who don’t fancy credit cards or paying interest.

In what seems to be a consolidation of some sorts, fintech juggernaut Square acquired Australian buy now, pay later giant Afterpay in a mouthwatering $29 billion deal this week.

The deal is a sign of things to come for established markets like Europe and the U.S. and promising markets witnessing a proliferation of these services. For instance, in the Middle East, not less than ten startups offering BNPL services have launched within the past three years.

Square to buy ‘buy now, pay later’ giant Afterpay in $29B deal

Tabby is one such service and clearly the most known in the region. Today, it is announcing that it has raised a $50 million Series B, valuing the company at $300 million.

Global Founders Capital and STV led the funding round, with participation from Delivery Hero and CCVA. Existing investors, including Arbor Ventures, Mubadala Investment Capital, Raed Ventures, Global Ventures, MSA Capital, VentureSouq, Outliers VC, JIMCO, and HOF, also participated.

Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation

UAE-founded Buy Now Pay Later (BNPL) provider tabby  has raised Series A financing round of $23 million in debt and equity led by Arbor Ventures and Mubadala Capital, with participation from STV, Raed Ventures, Global Founders Capital, JIMCO, Global Ventures, Venture Souq, Outliers VC, MSA Capital, HOF and AB Accelerator. This funding will fuel the company’s next stage of growth, helping tabby scale its product and engineering capabilities in addition to its lending capacity, further benefiting its merchant partners and consumers.

HOF Capital

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HOF Capital

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 4 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

About

Legal

Social Media

Portfolio Companies
or Investments