Tabby
Buy now, pay later and money app for shoppers in Saudi Arabia and the UAE
Based in Riyadh, founded 2019
The numbers
$6.5bnValuation
$837mTotal raised
4,662Headcount
35.2%Headcount growth
2019Founded
Why it’s on the list
Tabby is the most valuable venture-backed startup in MENA, valued at $6.5 billion in September 2026. It has been profitable since 2023 and processes more than $18 billion a year for 25 million registered users and 70,000 business partners, and is now expanding from buy now, pay later into broader financial services.
Funding history
2019Seed$2m
2020Seed$7m
2020Series A$23m
2021Series B$50m
2022Series B$54m
2023Series C$58m
2023Series D$50m
2023Series D$200m
2025Series E$160m
2026Series F$233m
Founders
On Founding MENA
Founding MENA #36
A new MENA unicorn and Tabby is now more valuable than Klarna ...
21 Sep 2026
Tabby: Hosam Arab
Iran’s Hidden Unicorns: The Tech Giants the Global Market Has Never Priced
1 billion. 3 billion. Souq sold to Amazon for $580 million. Inside Iran, companies offering many of the same services have grown to comparable, and in some cases larger, operating scale.
26 Oct 2026
Founding MENA #5
Another HUGE week of startup momentum in MENA!
9 Feb 2026
Founding MENA #12
MENA startups continue to raise as the region remains resilient.
6 Apr 2026
Founding MENA #25
'Tis the season for demo days and fundraises!
6 Jul 2026
