Buy Now Pay Later: Tabby to launch in UAE shortly

Well, this is interesting. The buy-now-pay-later space has been a hot one for quite a while so it’s no surprise that we see new launches in the Middle East. Congratulations to founder Hosam Arab for raising $2m seed to kick things off. Bring on the launch!

Tabby has raised $2 million in seed funding to offer instant credit to consumers through its banking partners for shopping at online and offline retailers, it announced today in a statement to MENAbytes. The yet-to-launch startup was founded by Namshi’s co-founder and former CEO Hosam Arab earlier this year. Hosam had co-founded Namshi as one of the first Rocket Internet’s ecommerce ventures in the Middle East & North Africa in 2011 and left it in March this year after it was fully acquired by Mohamed Alabbar’s Emaar Malls. Namshi to date is Rocket Internet’s biggest exit in MENA. And maybe

Source: Tabby, a UAE-based ‘buy now, pay later’ startup founded by Namshi’s former CEO raises $2 million seed

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