News Summary

Tabby, a leading fintech company in the Middle East, has secured $160 million in Series E funding, doubling its valuation to $3.3 billion. The funding round was co-led by Blue Pool Capital and Hassana Investment Company, with participation from STV and Wellington Management. This latest financial boost positions Tabby as the most valuable fintech in the MENA region, and the company plans to expand its offerings beyond its core Buy Now, Pay Later (BNPL) model. Tabby has already broadened its services to include in-store payments, financial services, and remittances. It acquired Tweeq, a digital wallet provider, to facilitate expansion into digital accounts and payment solutions. With a strong foothold in Saudi Arabia, the UAE, and Kuwait, Tabby supports over 40,000 brands and merchants. As it prepares for an IPO on the Saudi Exchange, Tabby aims to leverage its extensive customer base and merchant network to further scale its financial ecosystem.