tabby expands to Saudi consumer market
tabby, the UAE-based FinTech startup, has launched in Saudi Arabia after completing its latest round of funding. Expansion into Saudi Arabia forms a key part of tabby’s growth and expansion plans in 2020. Available from June, tabby is currently available at over 50 regional e-commerce retailers.
Hosam Arab, co-Founder and CEO of tabby, said, “We are very pleased to bring our solution to Saudi Arabia at a time when consumers and merchants alike will be strapped for cash and mindful of their cashflow. Our recent funding will give our merchant partners further security and assurance that we are sufficiently capitalized to support their sales and offer them an exciting alternative way of selling to their customers.”
tabby allows consumers to remain in control of their finances, while increasing customer loyalty and gives retailers access to potential new customers across the region. The user simply selects tabby at the checkout and decides when they would like to pay. Payment can be made in full 14 days after delivery or in instalments giving customers the flexibility to pay for their purchases in multiple interest-free payments over a number of months.
tabby’s Pay Later option is a viable alternative to cash on delivery as it gives customers the option to see their purchases before paying for them using only their mobile phone number and email address and requires no pre-registration or credit card to use.