Saudi-based fintech Tabby has raised $233 million in equity funding at a $6.5 billion valuation to accelerate its expansion from buy now, pay later (BNPL) into a broader suite of financial services across Saudi Arabia and the United Arab Emirates . The round was led by Blue Pool Capital and included participation from existing shareholders HSG, Wellington Management and Arbor Ventures. Tabby, founded in the UAE in 2019 and relocated to Saudi Arabia in 2023, says it has been profitable since 2023 and now processes more than $18 billion in annualized transaction volume across 25 million registered users and 70,000 business partners. “We began with a button at an online checkout to help people spread costs over time. Everything since, every product and every licence, has come back to the same idea: people deserve more from their money. This round means we can build further on that, without changing how we think about growth or discipline,” said Hosam Arab , CEO and co‑founder of Tabby. The investment will be directed at expanding Tabby’s product and licensing footprint in its two primary markets. Over the past year the company has secured multiple licences and completed strategic moves intended to broaden its capabilities beyond point-of-sale finance. The Saudi Central Bank has granted Tabby consumer and small and medium-sized enterprise (SME) financing licences, permitting larger, longer-term consumer loans and working capital solutions for businesses. In addition, Tabby acquired Tweeq , a SAMA‑licensed digital wallet, extending the company’s reach into accounts, cards and money transfers. In the UAE, Tabby obtained a Stored Value Facilities licence from the Central Bank of the UAE, enabling the launch of Tabby Cash. The product functions as an alternative to a traditional debit account—without account or card fees—offering cashback on card purchases and both local and international money transfers. Funding size: $233 million (equity) Post-money valuation: $6.5 billi…