Bahraini EazyPay, Saudi Tabby to Provide Postpaid Services
Clients of businesses who use EazyPay's POS systems will benefit from Tabby's interest-free options.
Bahraini EazyPay, which specializes in point-of-sale (POS) solutions and e-payment services, announced its cooperation with Buy Now Pay Later Platform (BNPL) Tabby.
With this cooperation, EazyPay will become a supplier of BNPL services via its network of POS terminals in Saudi Arabia.
Clients of businesses that use EazyPay's POS systems will benefit from Tabby's interest-free options. At checkout, consumers can split their purchase amount over four interest-free monthly installments.
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The Bahraini company was established in 2016 and obtained a license to provide payment services, electronic payment gateways, and POS from the Central Bank of Bahrain (CBB).
In November 2023, Tabby raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion, making it the first Gulf-based fintech to achieve unicorn status.
The November raise came less than a year after Tabby’s $58 million Series C round led by Sequoia Capital India and STV, both of whom participated in the recent unicorn round.