Saudi fintech company Tabby has raised $233 million in a Series F round, lifting its valuation to approximately $6.5 billion as it expands beyond buy now, pay later services into broader financial products.
According to the announcement, the round included Wellington Management, Mubadala Capital, STV and Blue Pool Capital. The new valuation is up from $4.5 billion following a secondary share sale in October 2025.
Tabby said it now has more than 25 million registered users and serves over 65,000 companies, brands and businesses across Saudi Arabia, the UAE and Kuwait. The platform processes more than $18 billion in annual sales.
The company has been adding products such as Tabby Card, spending management tools and Tabby Cash, an account that offers transfers and cashback of up to 3%. It also received licenses in Saudi Arabia for consumer and small and medium-sized enterprise financing, allowing it to offer longer-term financing and working capital.
Tabby said the new capital will support its expansion into credit and money management. The company is headquartered in Riyadh and has reported profitability since 2023, according to the announcement.
Source: Jawlah
