tabby, the Region’s Leading Buy Now Pay Later Fintech Raises $23m in one of the Largest Series A Funding Rounds in the Middle East

tabby, the Region’s Leading Buy Now Pay Later Fintech Raises $23m in one of the Largest Series A Funding Rounds in the Middle East

Tabby (tabby.ai), the leading UAE and KSA-based BNPL provider announced that it has raised Series A financing of $23m 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 Arab Bank. This funding will fuel the company's next stage of growth, helping tabby materially scale its product and engineering capabilities in addition to its lending capacity, further benefiting its merchant partners and consumers. The Series A financing builds on an exceptional year for tabby which saw a rapidly growing roster of large-scale retailers and market momentum driven by evolving consumer demand.    Founded in 2019, tabby partners with retailers to offer their customers online or in-store the ability to defer paying for their purchases for up to 30 days or to pay in 4 equal monthly installments at zero cost to the consumer. Today, tabby's customers are able to use its service across more than 500 integrated merchants, including leading global brands like IKEA, Toys R Us and Ace Hardware and regional retail giants including Al Futtaim Group, Landmark Group and Apparel Group.    Melissa Guzy, Managing Partner at Arbor Ventures commented: "We