Tabby: Dubai Buy-Now, Pay-Later Startup Valued at $660 Million in Funding Round - Bloomberg
Dubai-based Tabby raised $58 million from investors including Sequoia Capital India in a funding round that valued the buy now, pay later startup at almost $700 million.
PayPal Ventures also took part in the Series C capital fundraising, along with Mubadala Investment Capital, Saudi venture capital firm STV, Arbor Ventures and Endeavor Catalyst, Tabby said in a statement. The round valued Tabby at $660 million.
“As we continue to scale, the valuation should continue to follow,” Chief Executive Officer Hosam Arab said in an interview. “We’re not fixated on any particular number or on any particular titles.”
Tabby will use the funds to expand its product offering and support its expansion plans, Arab said.
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