Tabby Raises $160 Million in Funding Ahead of Potential IPO

Saudi Arabia-based Tabby, a fintech firm that lets customers pay for goods in installments, has raised $160 million in a financing round ahead of a potential initial public offering.

The Series E round, which almost doubled Tabby’s valuation to $3.3 billion compared to 2023, was led by existing investors Blue Pool Capital and Hassana Investment Co. and drew additional participation from STV and Wellington Management, according to a statement.

The funds will be primarily used to expand the firm’s financial services including digital spending accounts, payments, cards, and money management tools.

The buy-now, pay-later firm, one of the first fintech ...