Prime Highlights:
- Tabby launches a new technology hub in Saudi Arabia using NVIDIA HGX systems to speed up operations while keeping data local.
- The hub will support customer support, fraud checks, risk management, and personalized shopping, enhancing user experience across the GCC.
Key Facts:
- Tabby raised $160 million in a Series E funding round earlier this year, reaching a valuation of $3.3 billion and preparing for a future IPO.
- The company serves over 20 million registered users and more than 40,000 merchants across the GCC.
Key Background:
Tabby, a leading GCC buy-now-pay-later (BNPL) and financial services platform, has opened a new technology center in Saudi Arabia using NVIDIA HGX systems. This will help the company run its projects faster while keeping data in the country and following local rules.
The center will support areas like customer support, fraud checks, risk management, and personalized shopping. Keeping the systems local will make services faster and ensure customer data is safe.
“This investment shows our commitment to using advanced technology to improve user experiences and strengthen operational controls,” said a Tabby spokesperson. “It allows us to harness AI at scale while adhering to regional data standards.”
Saudi Arabia has been actively expanding its AI and high-performance computing infrastructure. Saudi Arabia has worked with NVIDIA on technology projects and plans to host thousands of advanced GPUs as part of its national computing initiatives. Tabby’s investment supports this regional effort and shows the company’s goal to be a technology leader in the GCC.
The move is also a big step for Tabby beyond its usual BNPL services. It was valued at 3.3 billion and recently this year the company raised 160 million through a series E, raising 160 million. It is also gearing towards an IPO in the future, and it is indicative of its expansion in the regional fintech market.
The HGX system developed by NVIDIA is able to perform computing tasks that are heavy using powerful GPU clusters and fast connections, which is suitable for conducting technology work on a large scale. Through this system, Tabby will deliver a better and quicker service to its 20 million users and more than 40,000 merchants in the GCC.
With this development, Tabby strengthens its position as a fintech leader in the region, improving customer services, managing risks better, and supporting its long-term growth.
