Gulf-based fintech Tabby has reached a $6.5 billion valuation in a new funding round led by Blue Pool Capital, surpassing Swedish competitor Klarna in value.
Blue Pool Capital, the Hong Kong investment firm managing assets for Alibaba Group Chairman Joseph Tsai, spearheaded the investment round that elevated Tabby's status in the competitive buy-now-pay-later sector.
Tabby, which provides flexible payment solutions across the Middle East and North Africa, now commands a higher valuation than Klarna, the prominent European fintech that has dominated discussions around BNPL services globally.
The funding round underscores growing investor confidence in regional fintech solutions and the Gulf market's potential for financial technology expansion. Tabby's rise reflects broader trends in alternative payment systems gaining traction among consumers seeking flexible checkout options.
The investment from Blue Pool Capital signals strong backing from major institutional players and positions Tabby as a key player in the BNPL space, particularly within emerging markets.
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