Tabby

Tabby said the new funding would support its expansion into broader credit and money management services in Saudi Arabia and the UAE

The new Tabby service offers customers greater flexibility in paying their financial obligations, providing them with an easy and convenient process to complete their transactions

Policybazaar.ae customers can now convert their insurance premiums into manageable instalments through Tabby, with a four-month payment option available at zero interest and zero processing fees

Families will be able to spread tuition fees, transport costs and extracurricular expenses over periods of up to 12 months, Tabby said

The UAE SVF licence further strengthens Tabby’s regulatory foundation, enabling it to build and launch financial products across the GCC on its own infrastructure

Tabby, headquartered in Riyadh, operates in Saudi Arabia, the UAE and Kuwait. It works with more than 40,000 brands

As part of the transaction, HSG, Boyu Capital, and others acquired shares from existing investors

Through this partnership, GOSI and Tabby will work together to design and deliver Shariah-compliant credit solutions

Since its last funding round in October 2023, Tabby has nearly doubled its annualised transaction volume to over $10bn while maintaining profitability