The tabby solution works on the 'buy now, pay later' formula. Image Credit: Tabby

Dubai: The UAE based fintech, tabby, has launched its ‘buy now, pay later’ into Saudi Arabia after completing a recent round of funding.

The tabby solution allows a user to select it at the time of checkout and decide when they would like to pay. Payment can be made 14 days after delivery or in Installments giving customers the flexibility to pay for their purchases in multiple interest-free payments over a number of months.

“Our recent funding will give our merchant partners further security and assurance that we are sufficiently capitalized to support their sales and offer them an exciting alternative way of selling to their customers,” said Hosam Arab, co-founder and CEO.

The solution is available on over 50 regional e-commerce retailers including 6th Street, Abdul Samad Al Qurashi, Golden Scent, Souqalmal, Cncpts, The Good Life and, recently, announced a partnership with Apparel Group.