Tabby, a Saudi-based fintech company, has garnered significant attention following a secondary share sale by its existing investors, including HSG and Boyu Capital. This move positions the buy-now-pay-later platform for continued growth as it eyes a potential public listing in the near future. Tabby has recently been valued at $4.5 billion following a secondary share sale by existing investors.
The BNPL platform, which has already attracted major investors such as Abu Dhabi’s Mubadala sovereign wealth fund, clarified that no new shares were issued in the transaction. As a result, the company did not receive any funds from the sale. However, the move indicates strong market interest as Tabby continues to expand its presence in the Gulf region.
Founded in 2019, Tabby enables consumers to split their purchases into installments, making it a popular payment solution across high-growth markets like Saudi Arabia and the UAE. The company has partnered with over 40,000 brands, including global names such as Amazon and Shein.
CEO and Co-Founder, Hosam Arab previously shared that the company was aiming for an Initial Public Offering (IPO) within 18 months. While the specific details of the secondary share sale were not disclosed, the valuation confirms the fintech’s growing influence in the region’s digital payments landscape.
With this latest move, Tabby has taken another step closer to its IPO goal, solidifying its position as a key player in the rapidly expanding BNPL sector.
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