Saudi’s Tabby Gets $700 Million Credit Line From JPMorgan
This article is for subscribers only.
Saudi Arabia-based Tabby, one of the Middle East’s first fintech unicorns, bolstered its balance sheet with an asset-backed credit line of as much as $700 million from JPMorgan Chase & Co., before a planned listing in the kingdom.
The buy-now-pay-later firm also increased a recent funding round to $250 million after adding Saudi Arabia’s Hassana Investment Co. as an investor. It was also joined by US-based Soros Capital Management and Saudi Venture Capital.