Buy now, pay later platform Tabby raised $54Mn in extention of series B led by Sequoia Capital India
Dubai-based buy now, pay later (BNPL) platform Tabby raised $54 million in extention of series B led by Sequoia Capital India and STV where existing investors such as Arbor Ventures, Mubadala Investment Capital and Global Founders Capital (GFC) also participated.
Tabby allows users to shop, pay later, and earn cash from over 3,000 global brands such as Adidas, IKEA, and Bloomingdale's. The BNPL provider has received a total of $104 million in Series B funding and intends to use this extension round to expand its consumer product offering and facilitate international expansion. The company has more than 1.1 million active users who shop with over 3,000 brands on a monthly basis. These users generate over 3 million clicks for the company's partners. Customers' use of cash on delivery has decreased by more than 10% for retailers who use tabby as their payment solution.