Eleqtisade News
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English
10/05/2025 - 3:17 am
No Result
View All Result
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English
No Result
View All Result
Eleqtisade News
No Result
View All Result
  • Home
  • Economy
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
  • English

Tabby raises $58M Series C from Sequoia Capital India, STV, and PayPal Ventures

تابي تحصد تمويل من السلسلة «ج» بقيمة 58 مليون دولار
  • 18/01/2023 - 11:57 am
  • write : Ali
  • Tech

Font size

A A
Share on FacebookShare on Twitter

Tabby, one of MENA’s leading shopping and financial services apps, has raised $58 million from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and Endeavor Catalyst in a Series C round which values the company at $660 million. The fundraiser will be used to expand Tabby’s product line into next-gen consumer financial services and support the company’s growing operations. This round makes Tabby one of the most valuable startups in MENA and the first in the GCC to receive funding from PayPal Ventures.

Hosam Arab, CEO and Co-Founder of Tabby, said: “With rising interest rates and growing inflation, it has never been more important for people to have access to payment flexibility to stay in control of their finances. Despite downward pressure on fintech valuations, our business continues to sustainably scale as we lead the generational shift towards fair and transparent financial products in MENA.”

He added: “We’re excited to grow with an incredible set of investors who believe in the opportunity to create a healthier relationship with money for consumers in a region that’s ripe for change.”

The company works with over 10,000 brands including 9 out of the 10 largest retail groups in MENA, and more recently launched with noon, the region’s largest ecommerce marketplace. Last year, Tabby crossed 3 million active shoppers, expanded its operations to Egypt and grew 5x in revenue over the previous year.

GV Ravishankar, MD, Sequoia India, said: “We are excited to see Tabby grow into a leading consumer focused fintech company for the region. Over the next few years, it has the opportunity to offer several innovative products to its consumers to improve access while creating more affordability. The team has done this with continued focus on good credit quality and strong economics.”

Ihsan Jawad, Partner at STV said: “We are pleased to be doubling-down on our partnership with Hosam, Daniil and the team on their growth journey across the region.  Backing tabby means tapping into MENA’s $95bn BNPL market opportunity that is just getting started, and being part of the future of financial services across the region.”

Amongst its other milestones, the fintech company has issued over 150,000 Tabby Cards only six months after launching its cards program with in-store sales now making up over 10% of the company’s volumes.

Tags: appsfinancial servicesPayPal VenturesSequoia Capital IndiaTabby

Short link:

RelatedPosts

Related Posts

«تنميه» توقع اتفاقية مع COFICERT الفرنسية للحصول على شهادة مكافحة غسل الأموال
الرئيسية

Tanmeyah Signs Certification Agreement with COFICERT France to obtain AML 30000 Certification

CI Capital Holding Posts its 1H24 Results, with Strong Revenues and Profits Reaching c.EGP 5bn
Stock Exchange

CI Capital Holding Posts its 1H24 Results, with Strong Revenues and Profits Reaching c.EGP 5bn

«كونتكت» و«برنامج التمكين للمرأة» يوقعان اتفاقية تعاون لدعم السيدات في مصر
الرئيسية

«Contact» and «WESEP» Sign Cooperation Agreement to Empower Women in Egypt

«باي موب» توسع تعاونها مع «Shopify» لإطلاق خدمات الدفع الإلكترونية دون وسيط
Tech

Paymob Fuels MENA’s E-commerce Market by Offering Embedded Shopify Payments

بنك مصر و«تنميه» يوقعان اتفاقية تسهيل ائتماني بقيمة 500 مليون جنيه لتمويل الشركات الصغيرة
الرئيسية

Banque Misr and Tanmeyah Sign EGP 500 Million Credit Facility Agreement to Boost Small and Micro Business Development

«إي اف چي هيرميس» تُتمم إصدار سندات بـ 433 مليون جنيه لصالح «إي اف چي للحلول التمويلية»
Stock Exchange

EFG Hermes Concludes Advisory on EFG Corp-Solutions’ First, EGP 433 Million Short-Term Note Issuance

Next Post
e& named MEA’s most valuable portfolio of telecom brands, by Brand Finance

e& named MEA’s most valuable portfolio of telecom brands, by Brand Finance

About Eleqtisade News

Eleqtisade News website is concerned with all economic affairs at the local level in various sectors, including banks, the stock market, investment, real estate, cars, communications, markets, tourism, energy, transportation, navigation, insurance, and others.

Categories

  • Banks
  • Cars and transportation
  • Economy of Egypt
  • Energy
  • External economy
  • Home
  • Industry and investment
  • Markets
  • Opinion writers
  • Real Estate
  • Social responsibility
  • Stock Exchange
  • Tech
  • Tourism & Aviation
All rights reserved 2024 © Eleqtisade News . Powered by 
  • About
  • Advertise
  • Careers
  • Contact
  • Editorial Board
  • Homepage
wpChatIcon
wpChatIcon
No Result
View All Result
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English

All rights reserved 2024 © Al-Iqtisadi News. Powered by