Tabi secures $233M, valuation at $6.5B

Tabby Financial Technology has closed a funding round of $233 million,raising its valuation to $6.5 billion. The funding focused on supporting its expansion to offer broader financial services in Saudi Arabia and the UAE, after achieving profitability since 2023 and reaching over $18 billion in annual transactions, through a user base of 25 million and a network of 70,000 business partners. The company has obtained licenses from the Saudi Central Bank and the Central Bank of the United Arab Emirates, and has expanded its services to include consumer and business financing, as well as launching products like Tabby Cash. The company aims to continue its growth in both markets, with support from Blue Pool Capital.

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