According to TechCrunch, Tabby, the Middle East’s buy now, pay later platform has raised $200 million in a Series D funding round at a valuation of $1.5 billion, taking them one step further to becoming the first fintech startup unicorn in the region.
The new round was supported by Sequoia Capital India, STV, Mubadala Investment Capital, PayPal Ventures, Arbor Ventures, with new backers led by Wellington Management, and Bluepool Capital.
Tabby works with more than 30,000 brands including Adidas, Amazon, noon, H&M, SHEIN, Namshi, 6thStreet.com, and more to provide BNPL services to over 10 million users across Saudi Arabia, UAE and Kuwait.
