Tabby raised a $50 million in a Series B round of financing, valuing the company at $300 million, according to a Techcrunch report.
Global Founders Capital and STV led the funding round, with participation from Delivery Hero and CCVA.
Hosam Arab founded the company in late 2019 after he left fashion e-commerce platform Namshi, a company he led as CEO until it was acquired by a Dubai-based real estate firm.
Paying for purchases in instalments has quickly become ubiquitous online. But Klarna, Affirm and the other fintech players that dominate the space have loftier goals.