Finance
Gulf Startup Tabby Nabs $4.5 Billion Valuation in Secondary Sale
Tabby is part of a cadre of increasingly popular buy-now, pay-later fintechs.
Source: Tabby
Saudi Arabia-based Tabby said it was valued at $4.5 billion after the fintech allowed early investors to offload their shares in a secondary sale.
The new valuation is up from the $3.3 billion price tag Tabby garnered in a $160 million financing round just eight months ago. The deal allowed firms including HSG and Boyu Capital to buy shares off existing investors, according to a statement.