- Tabby announced a secondary share sale that raised its valuation to $4.5 billion without issuing any new shares.
- The transaction included participation from HSG and Boyu Capital, along with other investors.
- Backed by Mubadala, Tabby continues to strengthen its position in the BNPL market across Saudi Arabia and the wider region
In a move that reinforces Saudi Arabia’s position as a regional fintech hub, Tabby, the leading “Buy Now, Pay Later” (BNPL) company, announced the completion of a secondary share sale that raised its valuation to around $4.5 billion, ahead of a potential public listing.
The Riyadh-based company stated that HSG and Boyu Capital led the acquisition of shares from existing investors, noting that no new shares were issued and the company did not receive direct proceeds from the transaction.
This development reflects strong investor confidence in Tabby’s business model, which allows customers to split their payments into interest-free installments, positioning the company as one of the key contributors to the Kingdom’s ongoing digital economy transformation.
Tabby stands as one of the most inspiring success stories in Saudi Arabia’s fintech landscape, having quickly emerged as one of the region’s fastest-growing tech companies. Supported by major global investors such as Mubadala, the company continues to empower consumers with flexible and modern payment options that simplify online shopping and boost financial inclusion.
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