Tabby: Secures $150m credit facility from Atalaya Capital Management

Tabby: Secures $150m credit facility from Atalaya Capital Management

• Tabby leading payments and shopping app, has secured $150 million in debt financing from Atalaya Capital Management
• Headquartered in New York, this facility marks Atalaya Capital Management’s first deal in the MENA region
• Series B extension earlier this year, total capital raised to date amounts to $275 million
• The investment fortifies balance sheet and supports its sustained growth in transaction volumes and product expansion
• Continue to provide MENA’s consumers with access to credit otherwise unavailable to them
• The limited access to credit solutions in the Kingdom makes a much-needed solution for consumers