Illustration: Sarah Grillo/Axios
Tabby, a BNPL company focused on the Middle East and North Africa, announced it has raised $58 million in Series C funding valuing it at $660 million.
Why it matters: MENA-based BNPL startups have dodged the funding dry spell and down-round pains that plague their fintech brethren in other parts of the world.
Background: Tabby competitor Tamara raised $100 million last summer. A smaller player, Cashew, received $10 million in May.
Details: Investors in Tabby's round included Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst.

source