The new debt commitment follows Tabby’s $54 million Series B extension in March this year.
Tabby says the investment “fortifies” its balance sheet and supports its sustained growth in transaction volumes and product expansion. It adds that it will continue to provide Middle East and North Africa (MENA) consumers with access to credit “otherwise unavailable to them”, without charging any interest or other fees.
The firm adds that it has grown 10x in revenue, 8x in active customers and 3x in active retail partners in the first half of 2022, compared to the same period last year.
