“Can a regional BNPL pioneer in MENA become the financial super-app of choice for a credit-card-light consumer base before going public?”
Tabby launched in 2019 as a pure BNPL checkout button serving MENA shoppers, where credit-card penetration is low but spending power is high. The 2023–2024 phase saw it evolve into a full financial-services and shopping app — adding the Tabby Card (Visa) for off-merchant Pay-in-4, acquiring Tweeq to add a digital wallet, and launching Tabby Capital Fund I to finance the receivables book off-balance-sheet. The company is now positioning as MENA's leading fintech super-app with IPO ambitions and is exploring B2B working-capital extensions of its underwriting engine.
Tabby discloses Tweeq (in-house, acquired 2024) as its banking provider, according to the Embedded Finance Index 2026.
Tabby does not disclose a bank charter of its own; its banking services are provided through Tweeq (in-house, acquired 2024).
Tabby processes payments through Tabby BNPL (self-operated) and Tabby Card (Visa, self-issued).
Tabby's cards are issued through Tabby (self_issued) on the Visa network.
Tabby's lending and capital products are provided by Tabby (in-house).
Tabby connects to bank accounts through Lean Technologies.
The Embedded Finance Index 2026 maps 6 layers in Tabby's stack: Payments / PSP (Tabby BNPL (self-operated) and Tabby Card (Visa, self-issued)); Banking / BaaS (Tweeq (in-house, acquired 2024)); Card issuing (Tabby (self_issued)); Card network (Visa); Lending (Tabby (in-house), Tabby Pay in 4 (interest-free installments), Tabby Monthly (up to 12 months), Tabby Cash and 1 other); Open banking (Lean Technologies).
Tabby was founded by Hosam Arab and is founded in 2019, headquartered in Riyadh, Saudi Arabia.
Tabby has raised $1.65B in total (latest round: Series E, February 2025; valuation: $6.5B (Series F, September 2026)).
Get a read on where your own stack stands against Tabby and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.