Tabby
A buy now, pay later app: shoppers split purchases into interest-free installments, and merchants get paid in full up front.
Tabby is a fintech founded in Dubai in 2019 that moved its headquarters to Riyadh in 2023. It offers buy now, pay later, and reached a $6.5 billion valuation in September 2026.
What does Tabby do?
Hosam Arab and Daniel Barkalov founded Tabby in Dubai in 2019, and the platform launched in February 2020 as an alternative to cash on delivery. It lets shoppers split purchases into four interest-free payments, and earns mainly from merchant commissions. It moved its headquarters to Riyadh in 2023 after Saudi Arabia became its biggest market, and operates in Saudi Arabia, the UAE and Kuwait.
Products
Split purchases into four payments, with no interest and no fees.
Sharia-compliant installments of up to 12 months (Murabaha) on purchases above 2,000 SAR.
A card for paying and splitting payments, both in and outside stores.
The merchant receives the full amount and Tabby bears the repayment risk, through online payments, POS and payment links.
Key features
- Installments in four interest-free payments
- Longer Sharia-compliant installment plans in Saudi Arabia
- The merchant receives the full amount and Tabby bears the repayment risk
- Works in online stores and at POS
- Licensed by the Saudi Central Bank (SAMA)
- Founded in Dubai in 2019, and moved its headquarters to Riyadh in 2023 after an agreement with the Ministry of Investment
- The September 2026 round at a $6.5 billion valuation is subject to approval from the Saudi Central Bank (SAMA)
- Investors include Hassana Investment Company and Saudi Venture Capital Company (SVC)
- Reports said advisers were appointed for a possible listing on Tadawul, and no listing date has been announced so far
The documentary
Funding rounds
| Round | Date | Amount | Lead | Investors | Source |
|---|---|---|---|---|---|
| Equity round 2026Valued at $6.5B | September 2026 | $233M | Blue Pool Capital | Blue Pool Capital, HSG, Wellington Management, Arbor Ventures | Source |
| Series EValued at $3.3B | February 2025 | $160M | Blue Pool Capital, Hassana Investment Company | Blue Pool Capital, Hassana Investment Company, STV, Wellington Management | Source |
| Series D extensionValued at $1.5B | December 2023 | $50M | — | Hassana Investment Company, Soros Capital Management, Saudi Venture Capital | Source |
| Receivables securitization (Debt financing) | December 2023 | $700M | J.P. Morgan | J.P. Morgan | Source |
| Series DValued at $1.5B | November 2023 | $200M | Wellington Management | Wellington Management, Blue Pool Capital, STV, Mubadala, PayPal Ventures, Arbor Ventures | Source |
| Series CValued at $660M | January 2023 | $58M | Sequoia Capital India, STV, PayPal Ventures | Sequoia Capital India, STV, PayPal Ventures, Mubadala, Arbor Ventures, Endeavor Catalyst | Source |
| Series B extension | March 2022 | $54M | Sequoia Capital India, STV | Sequoia Capital India, STV | Source |
| Series BValued at $300M | August 2021 | $50M | Global Founders Capital, STV | Global Founders Capital, STV, Delivery Hero, Arbor Ventures, Mubadala | Source |
| Debt facility (Debt financing) | July 2021 | $50M | — | Source | |
| Series A (equity and debt) (Equity and debt) | December 2020 | $23M | Arbor Ventures, Mubadala | Arbor Ventures, Mubadala, STV, Raed Ventures, Global Founders Capital | Source |
| Seed+ | June 2020 | $7M | Raed Ventures | Raed Ventures, MSA Capital, Arbor Ventures | Source |
| Seed | November 2019 | $2M | Global Founders Capital | Global Founders Capital, Arbor Ventures, Wamda | Source |
Key investors
Founders
Common questions about Tabby
When and where was Tabby founded?
It was founded in Dubai in August 2019, launched in February 2020, and moved its headquarters to Riyadh in 2023.
Who founded Tabby?
Hosam Arab (CEO) and Daniel Barkalov (COO).
What is Tabby's valuation?
$6.5 billion in the September 2026 round led by Blue Pool Capital. The round is subject to SAMA approval.
When did Tabby become a unicorn?
In November 2023, with a $200 million Series D led by Wellington Management at a $1.5 billion valuation.