Saudi-headquartered fintech Tabby announced on Monday that it has raised $233 million in a Series F equity round led by Blue Pool Capital, valuing the company at $6.5 billion, up from a $4.5 billion valuation in October 2025.
The round drew participation from HSG, Wellington Management and Arbor Ventures, alongside lead investor Blue Pool Capital; all four are existing Tabby investors.
SCALE SPANS 25 MILLION USERS AND 70,000 MERCHANTS
Tabby said it processes more than $18 billion in annualised transaction volume across 25 million registered users and works with 70,000 businesses, including major merchants such as Amazon and Shein. Tabby said it has been profitable since 2023.
The company has secured licenses in Saudi Arabia for larger, longer-term consumer financing and business working capital, as well as a UAE licence for a cash product, expanding its offering beyond its original buy-now-pay-later model into a broader suite of consumer and business finance products.
ROUND SUBJECT TO REGULATORY APPROVAL
The Series F round includes a liquidity option for employees and remains subject to regulatory approval from the Saudi Central Bank, known as SAMA, before it can be finalised.
"Everything since, every product and every licence, has come back to the same idea: people deserve more from their money. This round means we can build further on that, without changing how we think about growth or discipline," chief executive and co-founder Hosam Arab said.
The rise from a $4.5 billion valuation in October 2025 to $6.5 billion in the latest round is an increase of about 44% in less than a year.
Tabby's inclusion of a liquidity option for employees within the round structure follows employee share tenders it has run since 2023, which have facilitated more than $100 million in share sales.
Tabby's expansion beyond its original short-term instalment product into larger, longer-term consumer financing and business working capital in Saudi Arabia, together with its new UAE cash product licence, forms part of that strategy: Tabby said the new capital will support expansion into additional credit, payments and money management products in Saudi Arabia and the UAE.
The round was raised from existing investors and involved the sale of both new and existing shares, and it remains subject to SAMA approval.
Bank news that matters, every weekday.
Follow The Global Banker on LinkedIn