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§ Private Profile · London, UK
Tabbx is a technology company.
Tabbx develops financial technology solutions, primarily simplifying personal payment requests. Its core product, TABBit, is a mobile application facilitating seamless money transfers among friends and family. The platform integrates with various messaging applications and supports transactions across all major UK banks, streamlining informal debt requests and settlements with user-friendliness.
TABBX LIMITED is incorporated in the UK, established to address a market need for an accessible, integrated system for informal payment requests. Its formation is driven by the insight that existing payment methods often lack simplicity and cross-platform compatibility for everyday social exchanges, creating a niche for TABBit’s direct approach.
Tabbx's TABBit application primarily serves individuals seeking a straightforward method to manage shared expenses or request money within social circles. The company’s vision for TABBit is to become a leading utility for casual financial interactions, fostering a frictionless environment for personal repayments. It enhances financial connectivity and convenience for its user base.
Tabbx has raised $400K across 1 funding round.
Tabbx has raised $400K in total across 1 funding round.
Tabbx has raised $400K across 1 funding round. Most recently, it raised $400K Seed in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2024 | $400K Seed | Angel Invest | Byld Ventures, Draper Esprit, Andrew Buckley, James Sherwin Smith | Announced |
Tabby is a leading Middle Eastern fintech company offering Buy Now, Pay Later (BNPL) services, enabling consumers to split purchases into interest-free installments while partnering with over 40,000 merchants like Amazon, SHEIN, and IKEA to boost sales and loyalty.[1][2][3] Founded in 2019 and headquartered in Dubai (with roots in Riyadh), it serves 15 million registered users across the GCC and Middle East, solving high-interest credit barriers in a region with low credit card penetration (around 20%) by providing transparent, flexible payments online and in-store.[2][3][4][5][6] Recent milestones include a $4.5bn valuation in a 2025 share sale and $160m Series E funding at $3.3bn in 2024, with annualized transaction volumes over $10bn and growing profitability.[1][4]
Tabby was founded in 2019 by Hosam Arab (CEO and co-founder), a Saudi entrepreneur, alongside a team with experience in BNPL and regional e-commerce like the Middle East's largest platform.[1][3][5] The idea emerged in Dubai, spotting a market gap: high-interest rates and hidden fees trapped consumers in debt amid booming retail but limited credit access.[2][6] Early traction came from its simple, accessible model targeting tech-savvy youth, quickly scaling to integrate with major retailers and expand regionally, pivoting from pure BNPL to a full shopping app with acquisitions like Saudi wallet provider Tweeq.[3][4][5]
Tabby rides the BNPL wave in the Middle East's fintech boom, where e-commerce surges but credit cards lag, filling a void for unbanked/underbanked users and accelerating digital payments.[1][3][4][5] Timing aligns with Gulf region's young, mobile-first population and post-pandemic retail shift, amplified by low credit penetration enabling 10x+ transaction growth to $10bn+.[4][5] It influences the ecosystem by partnering with global giants, acquiring local players like Tweeq to challenge banks, and fostering a "financial services flywheel" via innovation and scale, positioning as MENA's top fintech.[1][4]
Tabby is poised to dominate MENA fintech, expanding BNPL into comprehensive banking with cards, wallets, and rewards amid rising e-commerce and regulatory tailwinds.[4][5] Trends like AI personalization, regional consolidation, and profitability focus will propel it toward unicorn-plus status, potentially hitting multi-billion transaction volumes as GCC digitizes finance. Its evolution from payments to everyday money management cements influence, empowering consumers in underserved markets—just as it began by simplifying spending in a credit-scarce region.[1][2]
Tabbx has raised $400K in total across 1 funding round.
Tabbx's investors include Angel Invest, Byld Ventures, Draper Esprit, Andrew Buckley, James Sherwin-Smith.