Buy now, pay later platform Tabby nabs $200M in Series D funding at $1.5B valuation

Tabby, previously headquartered in Dubai but now based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion. This positions the shopping and financial services app as the first fintech startup unicorn in the Gulf, underlining its substantial growth and market importance in how customers shop and pay.

This is coming less than a year after Tabby’s $58 million Series C round led by Sequoia Capital India and STV, both of whom participated in this recent unicorn round. Existing investors like Mubadala Investment Capital, PayPal Ventures and Arbor Ventures joined. At the same time, new backers include the lead investor Wellington Management, one of the world’s top independent investment management firms, and growth equity investor Bluepool Capital.

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