Blue Pool Capital is acting as the lead investor in the $233 million equity financing round of Tabby at a $6.5 billion valuation, with existing shareholders HSG, Wellington Management and Arbor Ventures also participating. The new capital will support the next stage of growth as Tabby expands beyond its buy now, pay later offering into broader financial services in Saudi Arabia and the UAE.
Blue Pool Capital is a multi-strategy investment firm based in Hong Kong. It manages the assets of Joe Tsai, the firm’s senior management members and a group of the world’s most influential families. The firm invests globally in public equity, private equity, real estate and credit.
Tabby is a financial technology company that gives millions of people power over their money and flexibility in everyday spending. Over 70,000 global and local brands including SHEIN, Amazon, Apple, IKEA, Jarir, Samsung and noon use Tabby’s technology to accelerate growth and gain loyal customers. Tabby serves Saudi Arabia and UAE and processes $18 billion in annualized transaction volume.
The S&C team advising Blue Pool Capital includes Evan Simpson, Jordan Oreck, Prateek Andharia and Samantha Li. Mehdi Ansari, Elizabeth Levin and Kaley Mi are advising on intellectual property matters. Tessa Lee is advising on tax matters.