Tabby is a fintech startup that provides consumers across the UAE and Saudi Arabia with the flexibility to pay for their online and offline purchases either in a deferred single payment or in multiple installments.
tabby makes shopping more rewarding by empowering people with the flexibility and freedom to get what they want.
Tabby was founded in 2019 by Hosam Arab. The company is headquartered in Dubai, Dubai, UAE.
Tabby provides consumers across the UAE and Saudi Arabia with the flexibility to pay for their online and offline purchases either in a single payment at a later date or in multiple installments.
tabby partners with retailers to offer consumers, both online and in-store, the option to defer paying for purchases for up to 30 days or to pay four equal monthly instalments at zero cost to the consumer.
tabby has over 1.1 million active shoppers in Saudi Arabia and the United Arab Emirates. It has partnered with over 3,000 brands, including Adidas, IKEA, SHEIN, and Marks & Spencer.
Tabby is backed by Mubadala Investment Capital, Global Founders Capital, Partners for Growth (PFG), STV, Sequoia Capital India, Arbor Ventures, Raed Ventures, MSA Capital, and others. The company raised $54M in an additional financing on Mar 03, 2022. This is an extension of their previous $50M Series B raised in Aug 2021, bringing the round total to $104M. The additional investment brings tabby's total funding to $186M to date.