Saudi Fintech Tabby Raises $233 Million at $6.5 Billion Valuation
Founded in the UAE in 2019, Tabby built its business around buy now, pay later services in Saudi Arabia and the UAE before moving its headquarters to Riyadh. It became the Middle East and North Africa’s first fintech unicorn in 2023 and has been profitable since that year. Its expansion into cards, accounts and lending underscores growing investor demand for consumer-finance platforms in Gulf markets.
Tabby said on Sept. 14, 2026, that it raised $233 million in an equity round led by existing investor Blue Pool Capital, with HSG, Wellington Management and Arbor Ventures also participating. The financing valued the company at $6.5 billion, nearly double the $3.3 billion valuation from its $160 million Series E in February 2025. Tabby now processes more than $18 billion in annualised transaction volume across 25 million registered users and 70,000 merchant partners. Proceeds will fund broader credit and money-management services in Saudi Arabia and the UAE.
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The history behind this eventFintech Flex Raises $70 Million, Launches Stablecoin Cross-Border Payments
Flex is a U.S. fintech company that provides business banking services to high-net-worth business owners, including corporate cards, expense management and treasury services. As traditional cross-border payments remain costly and slow, more fintech companies are turning to stablecoin settlement rails. Flex’s combination of a major fundraising round and a move into stablecoin-based cross-border payments reflects capital-market interest in the “business banking plus stablecoins” model. It is also the latest example of stablecoins expanding beyond crypto markets into mainstream corporate finance.
Flex recently announced that it had raised $70 million in a Series B1 round, valuing the company at $1.2 billion. It also launched Flex Global, a new service that will use stablecoin rails to settle cross-border transactions. The service is designed to help its high-net-worth business-owner clients make and receive international payments at lower cost and in less time, formally adding stablecoin infrastructure to Flex’s product lineup.
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