Saudi consumer finance portal Tabby secures asset-backed $750m from JP Morgan

Saudi consumer finance portal Tabby secures asset-backed $750m from JP Morgan

“Securitization is a major milestone, not only for Tabby but also the first of its kind for the region,” said Hosam Arab, CEO and co-founder of Tabby. “It mirrors the rapid growth and evolution of the fintech landscape in our markets.”

At the same, Tabby extended its Series D financing round to close $250 million, with investments from Hassana Investment Company, US-based Soros Capital Management and KSA-based Saudi Venture Capital (SVC).

Saudi consumer finance portal Tabby secures asset-backed $750m from JP Morgan