Tabby
How did Tabby manage to dominate the scene and transform the customer journey? In this report, Dana and Sarah take you on an insightful journey to uncover the secrets behind Tabby’s success and its influence on customers in the world of fintech.
Tabby is a fintech company offering “Buy Now, Pay Later” solutions, allowing customers to split their purchases into four equal monthly installments without interest or hidden fees.
Tabby aims to revolutionize shopping by giving customers the freedom to buy now and pay later with flexible, hassle free plans. Partnering with top retailers, Tabby makes every purchase smooth and stress-free, boosting both customer confidence and profits.
In September 2019, Saudi entrepreneur Hosam Arab took his first steps toward reshaping the shopping experience. Inspired by a gap between customer expectations and merchant needs, he founded Tabby to enhance convenience for shoppers and add value for retailers
In 2020, Tabby secured an official license from the Saudi Central Bank (SAMA), enabling it to offer innovative financial services legally and securely. This milestone solidified its status as a trusted leader in fintech
While many assume Tabby’s model conflicts with Islamic principles, the Sharia Supervisory Board (SSB), including experts like Dr. Khaled Al-Muzaini, has reviewed and confirmed Tabby’s compliance with Sharia guidelines, offering ethical and financial solutions
In a world driven by digital trust, Tabby places user data security and privacy at the forefront. Through advanced technologies and a strategic partnership with the Saudi Data & AI Authority, Tabby is redefining fintech security standards.
If you’re looking for a flexible payment solution to increase sales without the burden of financial risks, Tabby is the answer! It offers 4 easy installments with no interest, exclusive discounts, and promo codes. Merchants can expect up to a 33% sales boost and 18% more completed transactions, all while ensuring customer loyalty
Tabby’s Standout Services:
• Cashback: Earn cashback on select purchases to enhance your shopping experience.
• Tabby Plus: Enjoy flexible payments and exclusive discounts for added convenience.
• Tabby Ads: Reach a larger audience with targeted marketing campaigns.
• Merchant Dashboard: Analyze customer behavior, track performance, and optimize your sales strategies.
Tabby has shown rapid growth in the fintech sector. Its revenue jumped from $1 million in 2019 to $5 million in 2020, reaching $20 million in 2021, $100 million in 2022, and $500 million in 2023. Projections suggest it will hit $1 billion by 2024!
Tabby secured $23 million in one of the largest funding rounds in the Middle East, marking a new phase of growth, innovation, and expansion.
Abdulaziz Saja announced that Tabby plans to go public in Saudi Arabia by 2025. With $10 billion in financing and a 13% market share, Tabby is poised for significant growth and innovation.
Innovative Payment Solutions
Tabby bridges the gap between customer convenience and merchant growth. Its secure, flexible payment options enhance sales, supported by ambitious expansion plans and promising investments. The future looks bright!
Sources:
• Argaam