Tabby, a Dubai, UAE-based payments and shopping app provider, raised $58M in Series C funding.
The round was led by Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst.
The company intends to use the funds to expand its product line into next-gen consumer financial services and support its growing operations.
Led by Hosam Arab, CEO, Tabby provided an app that aims to create financial freedom in the way people shop, earn and save. Over 10,000 global brands and small businesses, including H&M, Adidas, IKEA, SHEIN, noon, and Bloomingdale’s, use its technology to accelerate growth and gain loyal customers by offering flexible payments online and in stores.
Tabby is active in Saudi Arabia, UAE, Egypt and Kuwait and crossed 3 million active shoppers last year.
FinSMEs
30/01/2023