Tabby valued at $6.5 billion in funding round led by Blue Pool Capital

Tabby, the Saudi Arabia-based fintech that started life as a buy-now-pay-later platform, just pulled in $233 million in equity funding at a $6.5 billion post-money valuation. The round was led by Blue Pool Capital, the Hong Kong investment vehicle that manages money for Alibaba co-founder Joseph Tsai. That valuation marks a steep climb from the $4.5 billion price tag Tabby carried during a secondary share sale in October 2025. Go back a little further, to late 2023, and the company was valued at $1.5 billion. So in roughly three years, Tabby has more than quadrupled its valuation. Who’s writing the checks Blue Pool Capital led the round, with participation from HSG, Wellington Management, and Arbor Ventures. Wellington is one of the world’s largest independent investment management firms. The funding reportedly includes liquidity options for employees. There’s a regulatory wrinkle, too. The deal is contingent on approvals from the Saudi Central Bank, known as SAMA. From BNPL to full-stack finance Tabby launched as a straightforward BNPL service, letting consumers split purchases into installments. But the company has been evolving into something broader: a platform that wants to ha...