Tabby Hits $6.5B as Saudi Fintech Accelerates

Saudi Arabia-headquartered fintech Tabby has raised $233 million in a Series F funding round, lifting its valuation to $6.5 billion. The round was led by Blue Pool Capital, with participation from HSG, Wellington Management and Arbor Ventures, highlighting strong investor confidence in the Gulf’s rapidly expanding fintech ecosystem. 

Founded in 2019, Tabby began by building its position in Buy Now, Pay Later (BNPL) but is increasingly evolving into a broader financial-services platform. The company now processes more than $18 billion in annual transaction volume, serves around 25 million registered users and works with approximately 70,000 businesses. 

The fresh capital will support deeper expansion in Saudi Arabia and the UAE, Tabby’s core markets. The company has broadened its offering beyond short-term instalments into larger consumer financing, working capital for businesses and alternative spending products. In Saudi Arabia, it secured consumer and SME finance licences from the Saudi Central Bank in June 2026. 

The valuation jump is significant. A secondary share sale in October 2025 valued Tabby at $4.5 billion, meaning its latest valuation represents an increase of roughly 44% in less than a year. More importantly, Tabby says it is profitable—a differentiator in a fintech sector where rapid expansion has often come at the expense of sustainable economics. 

Tabby’s rise reflects a larger transformation across the Middle East. Digital payments, alternative credit and embedded financial services are becoming core infrastructure, supported by young digital-first populations and government-backed economic diversification. Tabby’s evolution from BNPL provider to financial-services platform demonstrates where the bigger opportunity lies.

The $6.5 billion valuation therefore represents more than another fintech funding milestone. Tabby is betting that the future belongs not to standalone payment products, but integrated financial ecosystems controlling more of the customer’s everyday financial journey.