FinTech news in Tabby category

Arab said that commanding this present valuation conveys Tabby’s product relevance and ability to build a sustainable business in a reasonably challenging space, including upstarts such as Saudi-based Tamara and Egypt’s Sympl and Khazna. About this, CEO Arab explained that Tabby recently launched a product for everyday purchases, such as groceries and food, and will allow customers that don’t have access to credit cards to make purchases and pay at the end of the month. Despite the valuation crunches and muted demand for growth companies globally, Tabby has managed to double its valuation from 18 months ago, even though it raised less capital in a subsequent round; as such, it is currently one of the most valued startups in the MENA region. According to a statement shared by the Dubai-based company, the funding will be used to expand Tabby’s product line into a plethora of consumer financial services and support the company’s growing operations that now include Egypt.