In a significant boost to the Middle East’s burgeoning fintech scene, Tabby—a Saudi-focused “buy now, pay later” (BNPL) provider—has secured $160 million in a Series E funding round. The latest infusion of capital underscores the company’s rapid ascent in the Gulf Cooperation Council (GCC) market and heightens speculation about an impending initial public offering (IPO). According to multiple media outlets, Tabby’s leadership has begun preliminary discussions with potential advisors to explore listing options, possibly on the Saudi Stock Exchange (Tadawul).
Regarded as one of the region’s most prominent BNPL players, Tabby’s move reflects a broader surge in fintech innovation across Saudi Arabia—driven by high smartphone penetration,
