Series C

Series B

Series D

Others

Series A

Africa

Asia (ex. GCC & Levant)

PayPal Ventures

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.

Noida

Private Equity

Pine Labs

Payments

Pine Labs is a leading merchant commerce platform with a focus on empowering businesses, offering a range of fintech products, including digital payments, loyalty solutions, and gift cards.

Dubai

LayerZero

Apps

Blockchain

NFT/Crypto

Crypto

LayerZero is a technology that enables applications to move data across blockchains, uniquely supporting censorship-resistant messages and permissionless development through immutable smart contracts.

Cairo

Paymob

Finance

Mobile Payments

Financial Services

Paymob is a digital Payment enabler for emerging markets, helping small and large enterprises accept Payment online and in-store.

Tel Aviv

Chaos Labs

Web Development

Risk Management

Cloud Services

Chaos Labs transforms data on risk, security, and incentive strategies into powerful tools to guide the evolution of decentralized finance.

Tabby, the MENA’s leading shopping and financial services app, has raised $200 million in equity financing led by Wellington Management, one of the world’s leading independent investment management firms. The equity financing drew additional participation from growth equity investor Bluepool Capital, in addition to existing investors STV, Mubadala Investment Capital, PayPal Ventures and Arbor Ventures. Tabby’s Series D round values the company at over $1.5 billion making it the region’s first fintech unicorn ahead of its planned IPO in Saudi Arabia.

Tabby closes $200 million Series D at $1.5 billion valuation

Dubai, United Arab Emirates – 18 January 2023: Tabby, one of MENA’s leading shopping and financial services apps, has raised $58 million from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst in a Series C round which values the company at $660 million. The fundraise will be used to expand Tabby’s product line into next-gen consumer financial services and support the company’s growing operations. This round makes Tabby one of the most valuable startups in MENA and the first in the GCC to receive funding from PayPal Ventures.

Tabby raises $58M Series C from Sequoia Capital India, STV and PayPal Ventures

Fresh from agreeing its largest acquisition to date with a deal to buy European payment firm iZettle for $2.2 billion, PayPal is on the investment hunt once again after it backed India’s Pine Labs with a $125 million round.

The financing jointly comes from PayPal and Temasek, the sovereign investment fund from the Singaporean government with over $200 billion in assets. Both will take undisclosed “minority shares” in Pine Labs. Sequoia made a seed investment in 2009 and it remains the startup’s largest-single investor, the VC firm said.

PayPal and Singapore’s Temasek invest $125M in Indian payment startup Pine Labs

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