Tabby valued at $6.5 billion in funding round led by Blue Pool Capital

Tabby, the Saudi Arabia-based fintech that started life as a buy-now-pay-later platform, just pulled in $233 million in equity funding at a $6.5 billion post-money valuation. The round was led by Blue Pool Capital, the Hong Kong investment vehicle that manages money for Alibaba co-founder Joseph Tsai.

That valuation marks a steep climb from the $4.5 billion price tag Tabby carried during a secondary share sale in October 2025. Go back a little further, to late 2023, and the company was valued at $1.5 billion. So in roughly three years, Tabby has more than quadrupled its valuation.

Who’s writing the checks

Blue Pool Capital led the round, with participation from HSG, Wellington Management, and Arbor Ventures. Wellington is one of the world’s largest independent investment management firms.

The funding reportedly includes liquidity options for employees. There’s a regulatory wrinkle, too. The deal is contingent on approvals from the Saudi Central Bank, known as SAMA.

From BNPL to full-stack finance

Tabby launched as a straightforward BNPL service, letting consumers split purchases into installments. But the company has been evolving into something broader: a platform that wants to handle credit, payments, accounts, cards, and money management.

That ambition is backed by real scale. Tabby now processes more than $18 billion in annualized transaction volume across roughly 25 million registered users. Those users shop at over 70,000 partner businesses, including Amazon and Shein.

The company has also been profitable since 2023, a distinction that sets it apart from many fintech peers globally.

“This round means we can build further on that, without changing how we think about growth or discipline,” CEO Hosam Arab said.

The competitive landscape

Tabby’s expansion strategy reflects its ambitions in Saudi Arabia and the UAE. The company is pursuing additional consumer and SME finance licenses in Saudi Arabia and seeking a Stored Value Facilities license in the UAE. Each license opens a new revenue stream, whether it’s lending to small businesses, issuing prepaid cards, or holding customer deposits.

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