Mubadala-Backed Dubai Fintech Startup Loads Up on Debt Financing
- Funding for tabby shows buy-now, pay-later firms are thriving
- Fintech sector booms on digital payments, online retail demand
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A Dubai-based buy-now, pay-later company secured one of the largest debt facilities for a fintech startup in the Middle East and North Africa.
Underscoring the growing interest from international investors in the regional fintech sector, Silicon Valley-based Partners for Growth will provide $50 million in debt financing to tabby to help expand its business. The size of the facility may increase as the company becomes larger over time, according to a statement.