Tabby Raises $233M Series F at $6.5B Valuation to Expand Beyond BNPL

Daniil Barkalov and Hosam Arab, Tabby co-founders

Saudi fintech Tabby has secured a $233 million Series F equity round led by Blue Pool Capital, valuing the firm at $6.5 billion. The capital injection—which includes participation from HSG, Wellington Management, and Arbor Ventures—marks a near doubling of its $3.3 billion Series E valuation from February 2025.

This transaction funds Tabby's transition from a pure-play Buy Now, Pay Later (BNPL) provider into a comprehensive digital financial services platform across Saudi Arabia and the UAE, backed by new consumer and SME finance licenses from the Saudi Central Bank (SAMA) and a Stored Value Facilities (SVF) license from the UAE Central Bank.

Tabby’s expansion directly mirrors a broader regional macroeconomic trend: the Gulf Cooperation Council’s (GCC) aggressive push to diversify its post-oil economy through digitizing domestic retail finance, forcing a transition from cash-heavy economies to localized, high-velocity credit ecosystems.

How Much Did Tabby Raise in 2026?

Tabby has raised $233 million in a new equity funding round, valuing the fintech at $6.5 billion as it accelerates its expansion from buy now, pay later (BNPL) into broader financial services. The round was announced on September 14, 2026.

The financing was led by existing investor Blue Pool Capital, with participation from existing shareholders HSG, Wellington Management, and Arbor Ventures.

The latest valuation represents a substantial increase from Tabby's $3.3 billion valuation in February 2025, when the company raised $160 million in its Series E round.

Tabby Funding Round	Amount	Valuation	Lead / Key Investors
Series E, 2025	$160M	$3.3B	Existing investors
Series F, 2026	$233M	$6.5B	Blue Pool Capital, HSG, Wellington Management, Arbor Ventures

The new funding gives Tabby additional capital to scale its financial products across its two core markets: Saudi Arabia and the UAE.

Why Is Tabby Moving Beyond Buy Now, Pay Later?

Tabby's latest raise comes as the company broadens its business beyond its original BNPL product.

Founded in 2019, Tabby has evolved from an online checkout payment option into a wider financial services platform. The company says it has been profitable since 2023 and now processes more than $18 billion in annualised transaction volume.

Its current scale includes:

• 25 million registered users
• 70,000 business partners
• More than $18 billion in annualised transaction volume
• Profitability since 2023
• Operations primarily focused on Saudi Arabia and the UAE

The strategy is increasingly centered on providing customers with multiple financial products within the same platform, spanning payments, credit, accounts, cards, transfers, and money management.

This shift also reflects Tabby's expanding regulatory footprint. Rather than relying solely on BNPL, the company has spent 2026 securing licences that enable it to provide more comprehensive financial services.

What Financial Services Can Tabby Now Offer in Saudi Arabia?

In June 2026, the Saudi Central Bank (SAMA) granted Tabby both a consumer finance licence and an SME finance licence.

The licences allow Tabby to expand its financing products in several directions. Customers can access longer-term financing for larger purchases, while businesses can access working capital. Tabby's larger-purchase financing can reach SAR 50,000 with repayment periods of up to 12 monthly payments.

This gives Tabby a significantly broader addressable market than its original four-payment BNPL model.

The company has also expanded through its acquisition of Tweeq, a SAMA-licensed digital wallet. The acquisition adds capabilities around accounts, cards, and money transfers, strengthening Tabby's position as a broader financial services platform.

How Is Tabby Expanding Its Financial Services in the UAE?

Tabby's expansion in the UAE is centered on its Stored Value Facilities (SVF) licence from the Central Bank of the UAE (CBUAE).

Granted in April 2026, the licence allows Tabby to hold customer funds and introduce products including spending accounts, cards, and money-management tools.

Tabby subsequently launched Tabby Cash in July 2026 as a fee-free alternative to a traditional debit account. The product includes a cashback card and money transfers, with the company reporting that more than 150,000 people were already using Tabby Cash at launch.

The UAE product gives Tabby another route to increase engagement beyond individual BNPL transactions by becoming part of customers' everyday financial activity.

How Does the Funding Benefit Tabby Employees?

The $233 million transaction also includes a liquidity option for current and former employees.

Tabby has conducted employee share tenders since 2023, facilitating more than $100 million in share sales to date. The mechanism gives employees an opportunity to realise part of the value created as the company has grown.

The employee liquidity component is notable alongside Tabby's latest valuation of $6.5 billion, giving employees another opportunity to participate financially in the company's growth without requiring an immediate public listing.

What Do Tabby and Blue Pool Capital Say About the Funding?

Tabby CEO and Co-Founder Hosam Arab said the company began as a checkout tool designed to help consumers spread payments over time but has since expanded that mission across its products and licences.

The latest capital, he said, will allow Tabby to continue building its financial services platform while maintaining its focus on disciplined growth.

Christopher Wu, Chief Investment Officer at Blue Pool Capital, highlighted Tabby's evolution from payments into a broader platform for managing, spending, and growing money.

Blue Pool Capital has been an existing Tabby investor for three years, making the latest round a continuation of an established investor relationship rather than a new entry into the company.

What Does Tabby's $6.5 Billion Valuation Mean for Its Next Phase?

Tabby's latest funding marks a shift in how the company is positioning itself within financial services.

Its $6.5 billion valuation, combined with profitability since 2023, more than $18 billion in annualised transaction volume, and 25 million registered users, gives the company a substantial base from which to expand its product offering.

The strategic priority is no longer simply increasing BNPL transactions. Tabby is building a broader financial ecosystem covering:

1. Consumer credit — larger purchases and longer repayment periods in Saudi Arabia.
2. SME finance — working-capital products for businesses.
3. Digital wallets and accounts — expanded through Tweeq and Tabby Cash.
4. Cards and payments — enabling customers to use Tabby beyond individual checkout transactions.
5. Money transfers and management — extending the relationship between Tabby and its users beyond shopping.

The transaction remains subject to applicable regulatory approvals, including approval from SAMA.

For Tabby, the next phase is therefore less about being the region's BNPL provider and more about becoming a broader financial services platform for consumers and businesses across Saudi Arabia and the UAE.