tabby raises USD 23 mln in new funding round

Tuesday 8 December 2020 11:20 CET | News

UAE-based buy-now-pay-later solution provider tabby has raised USD 23 million from a range of investors, including Mubadala Capital. 

The funding will be used to aid the company as it expands its user base and alliances with retailers.

Founded in 2019, tabby partners with retailers to offer customers the option to defer payments for their purchases for up to 30 days or to pay in four equal monthly instalments. Customers are able to use the service across more than 500 integrated merchants including brands like IKEA, Toys R Us, and Ace Hardware.

As part of its recent expansion, tabby has partnered with Landmark Group, a UAE-based retail and hospitality conglomerate, to offer customers the ability to pay in instalments across all of the group’s retail brands.

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Keywords: tabby, UAE, MENA, funding round, funding, investing, investors
Categories: Payments & Commerce
Countries: United Arab Emirates
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