Fintech: Hosam Arab CEO and co-founder, Tabby Follow us Follow on Google News Follow on Facebook Follow on Instagram Follow on X Follow on LinkedIn Hosam Arab is a key player in the UAE’s entrepreneurial landscape. In 2011, he co-founded Namshi, an online fashion retailer that grew rapidly under his leadership. Emaar Malls acquired Namshi in 2019, marking a major milestone in Arab’s career. Arab later turned his focus to financial technology, founding Tabby, a buy-now-pay-later (BNPL) platform. Tabby has attracted significant investment, raising $7m (Dhs25.7m) in June 2020 and $23m (Dhs84.4m) in December the same year. Tabby, initially developed in the UAE, plans to move its headquarters to Saudi Arabia. The platform now serves over 16 million users across 40,000 brands and businesses. At the close of 2023, Tabby secured Dhs918.2m in Series D funding and a Dhs2.5bn debt facility from JP Morgan. The round, led by Soros Capital Management, Saudi Venture Capital, and Hassana Investment Company, valued Tabby at Dhs5.5bn. During Saudi Arabia’s 24 Fintech event, Tabby announced its acquisition of Tweeq, a digital wallet licensed by the Saudi Central Bank. Tweeq, founded in 2020, offers digital accounts and money management tools, providing alternatives to traditional banking. You might also like Sunil John Dr. Thumbay Moideen Vidya Chhabria Mohan Valrani K. Rajaram Dr. Adnan Chilwan Sanjiv Kakkar Ram Kumar Thota Raghu Malhotra Sunil Kaushal Atif Rahman Amit Jain Rishi Kapoor Vasu Shroff Anil Pillai Bal Krishen Rohit and Sharad Bachani Raju Ramesh and Sunil Paul Ayesha Depala John Paul Joy Alukkas Geet Bhalla and Digvijay Pratap Snehal and Sunita Hadani Nisha Jagtiani Kunal Kapoor Dino Varkey Ashish Panjabi Joy Alukkas Ravi Pillai Micky Jagtiani Sunny Varkey Sunil Vaswani Shamsheer Vayalil Dr. Zulekha Daud Yogesh Mehta Firoz Merchant Rajen Kilachand Azad Moopen Tony Jashanmal Paras Shahdadpuri Yusuff Ali M.A. Adeeb Ahamed Dhananjay Datar Rizwan Sajan PNC Menon Sima Ved Shaji Ul Mulk Ramesh Prabhakar L.T. Pagarani Ram Buxani Surender Kandhari Sohan Roy Shyam Bhatia