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Tabby launches pay-in-four flexible payment offering 'Tabby+'
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Feb 26, 2024
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Feb 26, 2024

Tabby launches pay-in-four flexible payment offering 'Tabby+'

Product updates

  • Tabby, a UAE-based BNPL platform, has launched Tabby+, a monthly subscription-based flexible payment offering that allows users to pay in four installments.

  • Tabby+ allows users to make purchases anywhere Visa is accepted and split payments into four installments without interest or other fees. The service charges a monthly subscription fee of AED 49 (~USD 13) and offers 1% cashback on all purchases, 24/7 priority support, and a free first-month trial.

  • Analyst QuickTake: Today’s news on the Tabby+ launch comes:

    • Less than a week after UK-based BNPL provider Zilch launched ' Pay over 3 months ,' a regulated credit-based flexible payment offering

    • Tabby reached unicorn status with USD 200 million in Series D funding (November 2023)

    • Tabby raised USD 750 million via a receivables-backed facility obtained from J.P. Morgan and Series D extension funding.

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