Tabby acquires a USD 50 million Series D extension and a USD 700 million debt facility

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UAE-based buy-now, pay-later company Tabby has increased the size of its series D round to USD 250 million and obtained USD 700 million in debt financing from JPMorgan.

As the first fintech unicorn in the Mena region and the head of a planned IPO in Saudi Arabia, Tabby raised USD 200 million in Series D funding in November at a valuation of USD 1.5 billion. Along with participation from Soros Capital Management and Saudi Venture Capital, based in the Kingdom of Saudi Arabia, Hassana Investment Company provided the additional USD 50 million.

With the financing, Tabby’s balance sheet is strengthened to meet the demand for its flagship BNPL offering, which currently handles an annualized transaction volume of over USD 6 billion.

Read More: Tabby secures $700 million debt facility and $50 million Series D extension

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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