Saudi Arabia–headquartered fintech Tabby has completed a secondary share sale involving certain existing shareholders, resulting in an implied valuation of $4.5 billion.
The transaction included participation from HSG, Boyu Capital, and other investors, reflecting strong global investor appetite for exposure to one of MENA’s fastest-growing fintechs. No new shares were issued, and Tabby did not receive proceeds from the sale.
“We’re proud to welcome our new shareholders who share Tabby’s ambitions and the impact we’re making on financial services across the region,” said Hosam Arab, CEO and Co-Founder at Tabby.
“Tabby’s product velocity and rapid path to scalability reflect exceptional execution and a deep understanding of the market,” said Rock Wang, Managing Director at HSG. “We’re excited to partner with management as they continue to build a comprehensive financial services flywheel in a region with tremendous growth potential.”
Joey Chen, Partner at Boyu Capital, added: “Tabby has demonstrated strong product innovation and disciplined growth in a rapidly developing market, placing the company as the forefront leader in this region’s nascent financial technology sector.”
The deal comes just months after Tabby’s $160 million Series E in February 2025, which valued the company at $3.3 billion, making it MENA’s most valuable fintech and the second most valuable internet company in the region after Talabat.
That round was led by Blue Pool Capital and Hassana Investment Company, with participation from STV and Wellington Management, and followed Tabby’s $200 million Series D in October 2023.
