Saudi Arabia-based fintech Tabby has raised $233 million in a Series F round at a $6.5 billion valuation, strengthening its position as one of the Middle East’s most valuable private fintech companies as it expands beyond buy now, pay later (BNPL). The round was led by existing investor Blue Pool Capital, with HSG, Wellington Management and Arbor Ventures also participating.
The new valuation is up sharply from the $3.3 billion Tabby reached in February 2025 and the $4.5 billion implied by a secondary share sale later that year. On headline equity value, Tabby is now worth more than Klarna’s recent public-market capitalization, although the comparison is imperfect: Tabby’s figure comes from a private funding round, while Klarna’s market value changes continuously with its share price.
Tabby says it now processes more than $18 billion in annualised transaction volume across 25 million registered users and 70,000 merchant partners. The company has also been profitable since 2023. The funding reflects Tabby’s broader transformation from a checkout financing provider into a financial-services platform. In Saudi Arabia, new central-bank licences allow it to provide larger consumer financing and working capital for businesses, while its acquisition of digital wallet Tweeq adds accounts, cards and transfers. In the UAE, Tabby has launched Tabby Cash as a debit-account alternative.
CEO Hosam Arab told Reuters that Tabby has no immediate plans for an IPO, suggesting the new private capital gives it room to keep expanding before testing public markets.