Venture capital-backed startup Tabby achieves a staggering $3.3 billion valuation after securing a $160 million Series E round, making it the most valuable startup in the Middle East and North Africa (MENA) region.
Tabby Secures $160 Million Series E Funding, Reinforcing Its Leading Position in the MENA Fintech Landscape
Tabby, the MENA region's foremost VC-backed fintech startup, has announced a successful Series E funding round, raising a substantial $160 million. This round, led by Blue Pool Capital and Hassana Investment Company, values Tabby at a staggering $3.3 billion, making it the region's most valuable fintech venture[1][2].
Since its last funding round in October 2023, Tabby has demonstrated impressive growth, with annualized transaction volumes soaring to over $10 billion while maintaining profitability. The startup, headquartered in Riyadh, has also expanded its user base, now serving more than 15 million registered users and over 40,000 sellers across the region[3].
Tabby's mission is to create a tangible impact on people's financial lives, offering accessible, effortless, and everyday-friendly financial tools. The company has been successful in this endeavour, with over 10 million registered users and 30,000 active merchant partnerships by Q1 2025[1].
Innovation has been at the heart of Tabby's growth. The company has introduced several new products, including the Tabby Card for flexible payments, the Tabby Plus subscription program, Tabby Care for buyer protection, longer-term payment plans, and Tabby Shop to help users discover deals. Tabby has also acquired Saudi-based digital wallet Tweeq[4].
Hosam Arab, CEO and Co-Founder at Tabby, expressed his excitement about the investment, stating that it will accelerate the rollout of products designed to make managing money simpler and more rewarding for customers[5].
This funding round saw participation from STV and Wellington Management, further solidifying Tabby's position as the region's leading fintech startup[2]. Despite regulatory and competitive challenges, Tabby continues to innovate with AI-powered credit scoring and financial literacy initiatives to sustain its growth[1].
[1] https://www.arabnews.com/node/1904961/business-economy [2] https://www.reuters.com/business/finance/tabby-raises-160-million-series-e-funding-2025-02-17/ [3] https://www.arabnews.com/node/1910701/business-economy [4] https://www.arabnews.com/node/1909751/business-economy [5] https://www.arabnews.com/node/1904961/business-economy
- The successful Series E funding round of $160 million for Tabby, a leading fintech startup in the MENA region, suggests a promising future for technology-driven business and finance in the MENA region.
- With the latest acquisitions, innovative financial products, and aggressive expansion strategies, Tabby continues to redefine the landscape of business, technology, and finance in the MENA region.
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