Sequoia, STV Lead $54 Million Funding for Gulf Fintech Tabby
- Firm has so far raised $180 million in debt and equity
- Fintech sector is booming on shift toward digital payments
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Sequoia Capital India and Saudi venture capital firm STV led a $54 million funding round for Tabby, the Middle East’s largest buy-now, pay-later provider, as demand fintech solutions booms.
Existing investors Mubadala Investment Capital, Arbor Ventures, and Global Founders Capital also participated in the Series B capital raise, according to a statement. The firm has so far raised $180 million in debt and equity.