UAE-based BNLP Tabby closes new round, upsizes debt facility to $350 million : TechMoran

by Digital Brainiacs
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Tabby,  a UAE-based fintech startup that offers users a buy now pay later (BNPL) facility for shopping online and offline has closed a new financing round resulting in upsizing its debt facility to $350 million, over a 2X increase since its last debt raising announcement. 

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The round involved the participation of key global credit investors, led by San Francisco-based Partners for Growth (PFG), who provided Tabby’s first institutional debt facility and supported the ongoing expansion to include New York-headquartered Atalaya Capital Management, and CoVenture, a multi-strategy asset-management firm from Miami. 

Hosam Arab, CEO and Co-Founder of Tabby said: “We are thrilled to partner with exceptional investors Atalaya, CoVenture and PFG to continue supporting Tabby’s growth and redefining what people can do with their money.”

The upsizing of Tabby’s credit facility reflects the remarkable growth the company is experiencing with over four million active…

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