• About Us
  • Advertising
  • Digital Magazine
  • Supplements
  • Media Pack
  • Privacy Policy
  • Contact us
CXO Insight Middle East
  • News
  • Opinion
  • Business
    • Industries
      • Transport
      • Retail
      • Government
      • Real Estate
      • Education
      • Energy
      • Banking and Finance
    • Channel
  • Future
    • Tech
    • Gadgets
    • Science
    • Space
    • Sustainability
  • Events
    • Channel Insights Summit 2025
    • Insight Innovation Summit
    • CXO50 Oman
    • CXO50
    • ICT Awards
      • Dubai 2025
      • Saudi Arabia
    • Cyber Strategists Summit
    • Cloud Connect 2025
    • Channel Awards 2024
    • All events
  • GITEX
  • Digital Magazine
No Result
View All Result
CXO Insight Middle East
  • News
  • Opinion
  • Business
    • Industries
      • Transport
      • Retail
      • Government
      • Real Estate
      • Education
      • Energy
      • Banking and Finance
    • Channel
  • Future
    • Tech
    • Gadgets
    • Science
    • Space
    • Sustainability
  • Events
    • Channel Insights Summit 2025
    • Insight Innovation Summit
    • CXO50 Oman
    • CXO50
    • ICT Awards
      • Dubai 2025
      • Saudi Arabia
    • Cyber Strategists Summit
    • Cloud Connect 2025
    • Channel Awards 2024
    • All events
  • GITEX
  • Digital Magazine
No Result
View All Result
CXO Insight Middle East
No Result
View All Result

Wamda invests in Cash on Delivery alternative Tabby

by CXO Staff
November 11, 2019
in News
Wamda invests in Cash on Delivery alternative Tabby

Wamda has invested in UAE-based financial technology (fintech) startup Tabby, a platform leveraging proprietary technology to improve current inefficiencies in the Middle East and North Africa (Mena)  payment landscape. The platform offers consumers the option to ‘buy now and pay later’ or to pay in multiple installments for goods bought online. Wamda’s investment is part of Tabby’s $2 million seed round led by Global Founders Capital, with backers including Arbor Ventures among other investors.

Hosam Arab

Founded by Hosam Arab, previously co-founder and chief executive officer (CEO) of online retail site Namshi, Tabby (Tabby.ai) aims to provide consumers across the UAE and Saudi Arabia with the flexibility to pay for their online and offline purchases either in a single payment at a later date or in multiple installments. Tabby allows customers to complete their purchase without the need to enter their credit or debit card details and thus aims to become a serious alternative to cash-on-delivery (COD) or cash payments altogether.

The Mena region is the fastest-growing region for e-commerce globally, with the UAE boasting impressive online transaction figures averaging at $144 per purchase, as outlined by Visa in a study published earlier in 2019. Yet COD remains the preferred option for the majority of online shoppers. According to a recent study by Google and Bain & Company, 62 percent of the region’s online shoppers still prefer COD over other options when buying online. For merchants, on the other hand, COD comes with a hefty price tag and often translates into a higher risk of packages being returned.

“We’re excited to be launching a Buy Now Pay Later business that provides great value to consumers, retailers, and financial institutions while addressing the government’s goals of growing non-cash transactions in their economies,” said Hosam Arab, chief executive officer (CEO) of Tabby.

Tabby is currently integrating its technology solution with a number of large retail merchants in the region and will be available on the checkout page of e-commerce sites along with other traditional payment options.

For retailers, Tabby presents an opportunity to grow revenues and transaction sizes due to the convenient payment options they would provide their customers and unprecedented access to the region’s unbanked or underbanked.

“Tabby customers will be able to better manage their spending by making purchases at their convenience and paying for them when they have the funds available while retailers will benefit from being able to sell more to their customers, and gain access to a larger customer base,” said Arab.

“Wamda is excited to be partnering with one of the region’s most successful entrepreneurs. This is a continuation of our thesis to back great founders building products addressing clear and demonstrable market pain points,” said Fadi Ghandour, executive chairman of Wamda.

 “We are partnering with some of the largest retailers in the UAE at launch, and will be adding new retail partners regularly,” said Arab.

This is the first round of funding for the startup, which will use the capital to further develop its proprietary technology, grow its merchant network and hire talent across multiple geographies.

Tags: featured3TabbyWamda
ShareTweet

Related Posts

Apple unveils elegant new software design
Future

Apple unveils elegant new software design

Apple has unveiled its most comprehensive software design update to date, debuting an elegant new interface across all its platforms,...

June 10, 2025
Kissflow targets growth in Germany with new AI features
Business

Kissflow targets growth in Germany with new AI features

Kissflow announced its strategic expansion in Germany, identifying it as a key market in its global growth roadmap. With the...

June 10, 2025

Discussion about this post

Latest Issue

Apple unveils elegant new software design

Apple unveils elegant new software design

June 10, 2025
Kissflow targets growth in Germany with new AI features

Kissflow targets growth in Germany with new AI features

June 10, 2025
Redington and Autodesk chart new territories through expanded alliance

Redington and Autodesk chart new territories through expanded alliance

June 10, 2025

The most trusted source of strategic intelligence for IT decision makers in the Middle East.

About

  • About Us
  • Advertising
  • Digital Magazine
  • Supplements
  • Media Pack
  • Contact Us

Policies

  • Privacy Policy

© 2024 – CXO Insight Middle East. All Rights Reserved.

Facebook-f X-twitter Linkedin
Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden.

About

  • About Us
  • Site Map
  • Contact Us
  • Career

Policies

  • Help Center
  • Privacy Policy
  • Cookie Setting
  • Term Of Use

Join Our Newsletter

© 2024 – CXO Insight Middle East. All Rights Reserved.

Facebook-f Twitter Youtube Instagram

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Join our mailing list
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
No Result
View All Result
  • News
  • Opinions
  • Business
    • Industries
      • Transport
      • Retail
      • Government
      • Real Estate
      • Education
      • Energy
      • Banking and Finance
  • Channel
  • Future
    • Tech
    • Gadgets
    • Science
    • Space
    • Sustainability
  • Events
    • Channel Insights Summit 2025
    • Insight Innovation Summit
    • CX50 Oman
    • CXO50
    • ICT Awards
      • Dubai
      • Saudi Arabia
    • Cyber Strategists Summit
    • Cloud Connect 2025
    • Channel Awards 2023
    • All events
  • Videos
  • GITEX GLOBAL
  • Digital Magazine

© 2024 - CXO Insight Middle East. All Rights Reserved.