• Tabby, the leading MENA-based shopping and financial services app, has secured a substantial $700 million in receivables securitization from J.P. Morgan, marking the largest asset-backed facility obtained by a fintech company in the region. This comes ahead of Tabby's planned IPO in Saudi Arabia. Concurrently, Tabby extended its Series D financing to $250 million with participation from Hassana Investment Company, Soros Capital Management, and Saudi Venture Capital.

• This financing reinforces Tabby's financial position amid surging demand for its buy now, pay later (BNPL) platform. The company, founded in 2019 by Hosam Arab, has achieved significant milestones, managing over $6 billion in annualized transaction volume. The collaboration with J.P. Morgan, Hassana, Soros, and SVC underscores Tabby's pivotal role in reshaping personal finance and shopping in the MENA region.