{"id":3269,"date":"2022-08-03T15:07:34","date_gmt":"2022-08-03T09:07:34","guid":{"rendered":"https:\/\/www.bnc24.com\/en\/?p=3269"},"modified":"2022-08-03T15:07:34","modified_gmt":"2022-08-03T09:07:34","slug":"buy-now-pay-later-firm-tabby-secures-150m-financing","status":"publish","type":"post","link":"https:\/\/www.bnc24.com\/en\/world\/2022\/08\/03\/news\/3269\/","title":{"rendered":"Buy Now Pay Later firm Tabby secures $150m financing"},"content":{"rendered":"<figure id=\"attachment_3270\" aria-describedby=\"caption-attachment-3270\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-3270\" src=\"https:\/\/www.bnc24.com\/en\/wp-content\/uploads\/2022\/08\/tammy-300x171.jpg\" alt=\"\" width=\"300\" height=\"171\" \/><figcaption id=\"caption-attachment-3270\" class=\"wp-caption-text\">Following Tabby\u2019s Series B extension earlier this year, the firm\u2019s total capital raised to date amounts to $275 million (Supplied)<\/figcaption><\/figure>\n<p>RIYADH, Broadcasting News Corporation : Dubai-based Tabby, a \u2018Buy Now Pay Later\u2019 firm, has secured a debt financing worth $150 million from two US-based investors, the company has announced. According to the press release, the financing comes from New York\u2019s Atalaya Capital Management and San Francisco-based Partners for Growth. Following Tabby\u2019s Series B extension earlier this year, the firm\u2019s total capital raised to date amounts to $275 million. \u201cDebt commitments from two reputable institutions is a validation of our strong track record and business model,\u201d said Hosam Arab, CEO and co-founder of Tabby. He added: \u201cAs we near profitability, we\u2019re in the fortunate position of not having to raise equity under the current market conditions and as such are thrilled to partner with the like-minded people at PFG and Atalaya.\u201d \u201cAtalaya is excited to partner with Tabby in its mission to expand access to credit and payments in markets where there are limited existing options,\u201d said Justin Burns, managing director of Atalaya Capital. News collected from ARAB NEWS.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RIYADH, Broadcasting News Corporation : Dubai-based Tabby, a \u2018Buy Now Pay Later\u2019 firm, has secured a debt financing worth $150 million from two US-based investors, the company has announced. According to the press release, the financing comes from New York\u2019s Atalaya Capital Management and San Francisco-based Partners for Growth. Following Tabby\u2019s Series B extension earlier &#8230;<\/p>\n","protected":false},"author":2,"featured_media":3270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/posts\/3269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/comments?post=3269"}],"version-history":[{"count":1,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/posts\/3269\/revisions"}],"predecessor-version":[{"id":3271,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/posts\/3269\/revisions\/3271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/media\/3270"}],"wp:attachment":[{"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/media?parent=3269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/categories?post=3269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/tags?post=3269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}