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Tabby, a leading buy now, pay later (BNPL) platform in the Middle East and North Africa region, has recently secured $200 million in Series D funding at a $1.5 billion valuation. This milestone makes Tabby the first fintech unicorn in the MENA region and positions the company for a potential initial public offering (IPO) in Saudi Arabia.
Founded in 2019, Tabby has rapidly grown to serve over 10 million users and partner with more than 30,000 brands. The company's flagship BNPL offering now manages over $6 billion in annualized transaction volume, demonstrating strong market traction and consumer adoption. Tabby has also expanded its product range to include Tabby Shop, a platform showcasing over 500,000 products, and increased its presence in physical stores with the Tabby Card.
The recent funding round, led by Wellington Management with participation from Bluepool Capital and existing investors, strengthens Tabby's financial position and supports its growth trajectory. This substantial investment and unicorn status have fueled speculation about a potential IPO in the near future.
While Tabby has not officially announced IPO plans, the company's rapid growth, market leadership, and recent funding success make it a strong candidate for going public. The Saudi Arabian market, where Tabby has a significant presence, could be a likely venue for such an offering. However, the timing and details of any potential IPO remain subject to market conditions, regulatory approvals, and strategic decisions by the company's leadership.
As Tabby continues to expand its services and user base, investors and industry observers will be closely watching for any official announcements regarding IPO plans. The company's performance in the coming months and its ability to maintain growth momentum will likely play crucial roles in determining the timing and success of a potential public offering.
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While Tabby's IPO prospects remain uncertain, investors eager to gain exposure to innovative fintech companies in the Middle East don't have to wait. At Linqto, we offer members access to interests in promising pre-IPO private companies like Tabby, potentially allowing you to benefit from their growth before they go public. Our platform provides opportunities to diversify your portfolio with lower minimum investments in emerging leaders in the buy-now-pay-later and e-commerce sectors.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.