Abu Dhabi state investor Mubadala and Arbor Ventures have a led a $23 million funding round for buy-now-pay-later startup tabby to support its growth, the fintech company said on Tuesday. The Series “A” funding round, which is normally backed by venture capital funds, also saw investments from Saudi-based venture fund STV, Raed Ventures and Global Founders Capital.
Founded in 2019, Dubai-based tabby partners with retailers to offer their customers, both online and in-store, the ability to defer paying for their purchases for up to 30 days or to pay in four equal monthly instalments at zero cost to the consumer.
