Tabby, the leading shopping and financial services app in the Middle East, has secured an impressive $700 million in receivables securitisation from JP Morgan.
![JP Morgan fuels Tabby's expansion with $700 million funding for Middle East's leading fintech app. PHOTO: DANIEL LEAL-OLIVAS/AFP/Getty Images](https://krugmaninsights.com/wp-content/uploads/2023/12/jpmorgan-offices-1024x532.webp)
This ground-breaking deal represents the largest asset-backed facility ever obtained by a fintech company in the region.
In addition, Tabby has successfully extended its Series D financing, raising an additional