Dubai-based buy now, pay later (BNPL) company Tabby has raised $50 million in a new equity round, valuing the company at $300 million.
This comes one month after Tabby, in which Abu Dhabi’s Mubadala is an investor, raised $50 million in debt financing, bringing tabby's total funding to over $130 million in less than two years.
The fintech firm’s Series B financing will be used to expand tabby’s product portfolio and enter new markets, it said in a statement Wednesday.
Global Founders Capital and STV led the funding round, with participation from Delivery Hero and CCVA and existing investors, including Arbor Ventures and Mubadala Investment Capital.
(Writing by Brinda Darasha; editing by Daniel Luiz)
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