THE MIDDLE EAST’S
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3. Tabby
Description: Shopping and financial services app
Headquarters: Saudi Arabia
Date of Establishment: 2019
Founders: Hosam Arab, Daniil Barkalov
Tabby allows customers online and in-store to split their payments into four installments with no fees. It serves 11 million customers and over 40,000 retailers in Saudi Arabia, the U.A.E., and Kuwait and processes over $7 billion in annualized gross merchandise volume (GMV). In December 2023, it secured $700 million in debt financing from J.P. Morgan and extended its Series D round to $250 million. Tabby was valued at $1.5 billion in its last funding round in September 2023.