Tabby Expands Beyond BNPL with New Lending Services in Saudi Arabia
Saudi buy now, pay later (BNPL) provider Tabby has received consumer finance and SME finance licenses from the Saudi Central Bank, allowing it to expand beyond short-term installment payments into longer-term consumer loans and business financing.
Under the new licenses, eligible customers can finance purchases of up to SR50,000 ($531.79) with repayment periods of up to 12 months, while small and medium-sized businesses will gain access to working capital. The move supports Saudi Arabia’s Vision 2030 goal of promoting financial innovation and improving access to credit.
Tabby Eyes Digital Banking Future After Winning Saudi Finance Licenses
Tabby said the expansion is part of its strategy to become a full-service digital financial platform. The company, which serves more than 25 million users and 65,000 businesses across the Gulf, also plans to introduce additional services such as digital wallets, savings, and investment products in the future.
