Mubadala-backed Tabby increases debt facility to $350 million – The National
- Date: 01-Jun-2023
- Source: The National
- Sector:Financial Services
- Country:UAE
Mubadala-backed Tabby increases debt facility to $350 million – The National
Dubai-based buy now, pay later platform Tabby has more than doubled its debt facility to $350 million in a new financing round.
The Mubadala-backed FinTech company secured the financing from global credit investors led by US-based Partners for Growth, Atalaya Capital Management and CoVenture, it said in a statement on Wednesday.
Tabby previously procured $150 million in debt financing from Atalaya Capital Management and PFG in August last year in one of the largest credit lines secured by a FinTech start-up in the GCC.
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