Tabby launched in Saudi – Buy now, pay later
UAE’s Fintech Start-Up Tabby has launched its ‘Buy Now, Pay Later’ solution in Saudi Arabia. Tabby allows its customers to make purchases at checkout and repay in interest-free installments. Tabby recently raised $7 million, which ensures that they have capitalized enough on their sales to offer an exciting alternative to their customers.
Tabby, launched by Hosam Arab, owner of the Namshi brand, is currently available on over 50 regional e-commerce retailers, including 6th Street, Abdul Samad Al Qurashi, Golden Scent, Souqalmal, Concepts, and The Good Life. It has also recently struck up a partnership with the Apparel Group, one of the Middle East’s largest retailers. The company announced that further partnership announcements will follow.
To take advantage of the payment solution, the user has to select Tabby at the checkout and decide their preferred payment date upon purchase. Payment can be made in full, 14 days after the delivery, or installments, giving customers the flexibility to pay for their purchases in multiple interest-free payments over several months.