BNPL fintech Tabby buys Saudi digital wallet start-up Tweeq
Following the acquisition, Tweeq will continue to operate as an independent entity.
Following the acquisition, Tweeq will continue to operate as an independent entity.
Tabby has also extended its Series D funding round by $50 million to a total of $250 million.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Tabby claims it has become the Middle East’s first fintech unicorn ahead of its planned IPO in Saudi Arabia.
The Dubai-based firm plans to use the funding to support its growth and expand its product line.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The debt financing has been supplied by Atalaya Capital Management and existing investor Partners for Growth.
The cash will go towards expanding its product offering and supporting its international expansion.
The round takes the company’s valuation up to $300 million.