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

The valuation of a regional BNPL leader increases, potentially impacting competitor valuations and M&A activity.

Riyadh-based buy-now-pay-later (BNPL) startup Tabby has secured $233 million in a Series F funding round. The round was led by Blue Pool Capital, with participation from existing investors. This funding brings Tabby's valuation to $6.5 billion, a significant increase from its previous valuation of $4.5 billion following its share sale in October 2025. The company has not disclosed how it will allocate the new funds, but the valuation jump suggests strong investor confidence in its growth trajectory and market position within the Middle East's rapidly expanding fintech sector.

Tabby's substantial Series F raise at an elevated valuation signals robust investor appetite for the BNPL sector, particularly in emerging markets like the Middle East. This growth suggests a maturing market where consolidation or further expansion by well-funded players is likely. The increased valuation of a key regional player could set a new benchmark for similar companies seeking investment, potentially accelerating their own funding rounds or making acquisitions more attractive.

The funding round's focus on existing investors indicates strong backing and belief in Tabby's business model and future prospects. This sustained support is crucial for navigating the competitive landscape and investing in technological advancements or geographical expansion. For consumers and merchants, this means continued and potentially enhanced access to BNPL services, alongside increased competition among providers, which could lead to better terms and user experiences.