Latham & Watkins has advised Tabby, a platform offering buy now, pay later services to customers in the Middle East, on its US$200 million funding round, achieving a valuation of US$1.5 billion. This positions Tabby as the first fintech unicorn in the Middle East.
The round was led by Wellington Management, with participation from Bluepool Capital in addition to existing investors STV, Mubadala Capital, PayPal Ventures, and Arbor Ventures.
The Latham team was led by Dubai counsel Omar Maayeh, with associate Stephanie Dang.
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