Tabby Series D extension and receivables securitization

Tabby raised $950M Series D extension ($250M equity) + $700M receivables securitization led by J.P. Morgan, Hassana Investment Company, Soros Capital Management, Saudi Venture Capital, Partners for Growth, Atalaya Capital Management, CoVenture on December 21, 2023.

Primary

Tabby

Counterparty

J.P. Morgan, Hassana Investment Company, Soros Capital Management, Saudi Venture Capital, Partners for Growth, Atalaya Capital Management, CoVenture

Amount

$950M

Structure

Series D extension ($250M equity) + $700M receivables securitization

Date

December 21, 2023

Sub-sector

BNPL

MENA fintech secures record regional asset-backed facility and extends Series D to fuel BNPL expansion ahead of planned IPO.

Primary company

Tabby

Counterparty

J.P. Morgan, Hassana Investment Company, Soros Capital Management, Saudi Venture Capital, Partners for Growth, Atalaya Capital Management, CoVenture

Amount

$950M

Event date

December 21, 2023

Sub-sector

BNPL

HQ

Not disclosed

Structure

Series D extension ($250M equity) + $700M receivables securitization

Source published

December 21, 2023

Publisher

Wamda

Source: wamda.com