Jack Ma's family wealth fund invests in Tabby, an online consumer credit platform in the Middle East.
Blue Pool Capital, a family wealth fund co-founded by Jack Ma and Joseph Tsai, has participated in a $200 million Series D funding round for Tabby, a Middle Eastern shopping and online consumer credit platform. This investment values Tabby at $1.5 billion, and the company is also planning to go public on the Saudi Stock Exchange. Tabby was established in Dubai in 2019 and provides a service similar to mainland China's "Huabei," allowing consumers to receive goods before making payments. As of March last year, Tabby had over 1 million active users and served more than 3,000 brands.
Blue Pool Capital, a family wealth fund co-founded by Jack Ma and Joseph Tsai, has participated in a $200 million Series D funding round for Tabby, a Middle Eastern shopping and online consumer credit platform. This investment values Tabby at $1.5 billion, and the company also plans to go public on the Saudi Stock Exchange. Tabby was established in Dubai in 2019 and provides a service similar to mainland China's "Huabei," allowing consumers to receive goods before making payments. As of March last year, Tabby had over 1 million active users and served more than 3,000 brands.