Tabby has raised $58 million, reaching a valuation of $660 million, with PayPal Ventures making its inaugural investment in the GCC region.

Information on the Target

Tabby, a prominent buy-now-pay-later (BNPL) service in the Gulf Cooperation Council (GCC) region, has successfully raised $58 million, driving its valuation to $660 million. Known for enabling consumers to shop flexibly by allowing them to pay for purchases over time, Tabby has rapidly gained popularity among both consumers and merchants since its inception.

The recent funding round highlights Tabby's robust business model and its ability to address the growing demand for alternative payment solutions in the Middle East. With an impressive user base and partnerships with numerous retailers, the company is well-positioned for continued expansion in the fast-evolving financial technology landscape.

Industry Overview in the Target's Specific Country

The BNPL market in the GCC has seen significant growth, fueled by increasing consumer demand for flexible payment options. A sizable portion of the population, particula