Riyadh-based BNPL company Tabby raised a $233M Series F led by Blue Pool Capital at a $6.5B valuation, up from $4.5B in October 2025 after a share sale

Tabby now offers bank accounts and cards, transforming it from a payment enabler to a full-service financial platform.

Riyadh-based fintech Tabby has secured $233 million in Series F funding, with Blue Pool Capital leading the round. This investment propels Tabby's valuation to $6.5 billion, a significant increase from its October 2025 valuation of $4.5 billion. The company, which has been profitable since 2023, reported an annualized transaction volume exceeding $18 billion and serves 25 million users through 70,000 business partners. Tabby intends to use the new capital to expand its product offerings beyond Buy Now Pay Later (BNPL) into a broader range of credit and money management solutions in its key markets of Saudi Arabia and the UAE. The funding also supports Tabby's recent strategic acquisitions and licensing achievements, including consumer and SME finance licenses from the Saudi Central Bank and a Stored Value Facilities license in the UAE, which will enable new services like Tabby Cash. Employee liquidity options are also a component of the funding round.

Tabby's strategic pivot from a pure BNPL provider to a comprehensive financial services platform signifies a broader industry trend of fintechs leveraging their existing user base and payment infrastructure to offer a wider array of banking and credit products. This expansion into services like digital wallets, accounts, and cards, facilitated by new regulatory licenses, allows Tabby to deepen customer relationships and capture more of their financial activity, moving beyond point-of-sale transactions.

The increased valuation and substantial funding underscore investor confidence in Tabby's diversified strategy and its potential to become a dominant financial super-app in the Middle East. By integrating services such as cashback, domestic and international transfers, and longer-term credit options, Tabby aims to address a wider spectrum of consumer financial needs, potentially challenging incumbent banks and traditional financial institutions in the region.