Tabby launches 'Buy Now Pay Later' solution in Saudi

Dubai - The world's first Arabic language, digital Buy Now Pay Later business now available in KSA after funding round.

Tabby, the UAE-based fintech startup and the region's first 'Buy Now Pay Later' solution has launched its offering in Saudi Arabia after completing its latest round of funding.
Expansion into Saudi Arabia forms a key part of tabby's growth and expansion plans in 2020. Available from June, tabby is currently available on over 50 regional e-commerce retailers and has recently announced its partnership with Apparel Group, with further partnership announcements to follow soon.
Hosam Arab, co-founder and CEO of tabby said: "We are very pleased to bring our best-in-market solution to Saudi Arabia at a time when consumers and merchants alike will be strapped for cash and mindful of their cashflow. Our recent funding will give our merchant partners further security and assurance that we are sufficiently capitalised to support their sales and offer them an exciting alternative way of selling to their customers."
Tabby has received over $9 million in funding from regional and international investors. Saed Nashef, Raed Ventures' Founding Partner said: "Hosam and his team have built an impressive product that structurally solves key friction points in a transaction for both consumers and merchants, which is especially relevant given the current
pandemic. We're very excited to partner with Tabby, and support its timely launch in Saudi Arabia and its expansion across the region."
Tabby is continuing its expansion across the UAE market and will take its product in-store in the second half of the year. Moreover, tabby will be working across a number of new category verticals including automotive, insurance and healthcare, informed Arab.

Tabby offers customers instant, interest free installments at checkout that allow them to enjoy the things they buy right away and pay for them later. Payment can be made in full 14 days after delivery or in installments giving customers the flexibility to pay for their purchases in multiple interest-free payments over a number of months.
Tabby's 'Pay Later' option is an alternative to cash on delivery (COD) as it gives customers who prefer to see their purchases before paying for them the ability to purchase products online using only their mobile phone number and email address and requires no pre-registration or credit card to use. - sandhya@khaleejtimes.com