News

Tabby raises additional USD 54 mln

Monday 7 March 2022 11:59 CET | News

Gulf Buy Now, Pay Later company tabby has announced it raised an additional USD 54 million as part of an extended Series B funding round started in the summer of 2021.

Following tabby’s initial Series B round of USD 50 million that valued the company at USD 300 million, the extension round was led by Sequoia Capital India and STV, with the participation of Arbor Ventures, Global Founders Capital (GFC), and Abu Dhabi state fund, Mubadala Investment Capital.

The BNPL platform allows customers to earn cash and pay in regular installments for merchandise from over 3,000 global brands, including Bloomingdale, Adidas, and IKEA. The additional funding received will be used to expand its customer product offering and expand internationally, apart from its two main markets – Saudi Arabia and the UAE.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: funding, crowdfunding, BNPL, expansion, cashback, luxury goods, instalment payments
Categories: Payments & Commerce
Companies: Tabby
Countries: Saudi Arabia, United Arab Emirates
This article is part of category

Payments & Commerce

Tabby

|
Discover all the Company news on Tabby and other articles related to Tabby in The Paypers News, Reports, and insights on the payments and fintech industry: