7 Hrs
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الاقتصادية
Saudi Tech Firm "Tabi" Reaches $6.5B
Tabby Saudi Arabia's valuation has jumped to $6.5 billion after closing a new funding round worth $233 million, reflecting its rapid expansion in the digital financial market. Since the beginning of 2023, its valuation has increased nearly ninefold thanks to the growth of its user base to 25 million and the rise in annual transaction volume to over $18 billion, with consistent profits—its net income reaching SAR 206.4 million in 2025. This growth is attributed to the expansion of its business model from buy now, pay later to a wide range of financial services, including consumer financing and small and medium enterprise management, supported by the evolving regulatory environment in Saudi Arabia, which has been strengthened by legislative developments and digital infrastructure improvements. This positions Tabby as the third-largest fintech company in the region.
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