{"id":17698,"date":"2022-08-02T14:08:44","date_gmt":"2022-08-02T10:08:44","guid":{"rendered":"https:\/\/houranipartners.com\/staging\/?p=17698"},"modified":"2024-05-31T15:16:56","modified_gmt":"2024-05-31T11:16:56","slug":"partners-for-growth-and-atalaya-capital-management-extend-usd-150m-credit-facility-to-tabby","status":"publish","type":"post","link":"https:\/\/houranipartners.com\/staging\/partners-for-growth-and-atalaya-capital-management-extend-usd-150m-credit-facility-to-tabby\/","title":{"rendered":"Partners for Growth and Atalaya Capital Management extend $150m credit facility to Tabby"},"content":{"rendered":"
<\/div><\/div>\n

Hourani & Partners played a pivotal role in facilitating a significant financing arrangement to Tabby Inc., a leading buy-now-pay-later (BNPL) fintech company.<\/h4>\n

 <\/p>\n

Tabby Inc. has secured a $150m credit facility from Partners for Growth (PFG) and Atalaya Capital Management, with Hourani & Partners representing both lenders in this landmark transaction. This facility marks Atalaya Capital Management\u2019s first deal in the MENA region, while PFG has upsized their initial $50m commitment under the new facility. In aggregate, this represents the largest credit facility ever secured by a fintech company in the GCC.<\/p>\n

Following Tabby\u2019s Series B extension earlier this year, the fintech company has now raised a total of $275m in capital. This investment fortifies Tabby\u2019s balance sheet and supports its sustained growth in transaction volumes and product expansion. Major brands like H&M, Bath & Body Works, Nike, and Swarovski have recently chosen Tabby as their payments partner, further solidifying its position in the market.<\/p>\n

Our Banking & Finance team, led by Mustafa Kamal* and supported by Rudolf Goldschmidt, Khalid Alhamdan*, Lea Chahine, Ellen Ray, and Sophia Niazi, adeptly navigated the intricacies of this multi-jurisdictional financing deal.<\/p>\n

“Our collaboration with Partners for Growth and Atalaya Capital Management in securing this credit facility underscores our firm’s expertise in navigating complex financing arrangements,” said Rudolf Goldschmidt, Partner at Hourani & Partners.
\n 
\n*Member of ZH Partners \u2013 Relationship firm in Saudi Arabia<\/style>\n","protected":false},"excerpt":{"rendered":"

Hourani & Partners played a pivotal role in facilitating a significant financing arrangement to Tabby Inc., a leading buy-now-pay-later (BNPL) fintech company.   Tabby Inc. has secured a $150m credit facility from Partners for Growth (PFG) and Atalaya Capital Management, with Hourani & Partners representing both lenders in this landmark transaction. This facility marks Atalaya…<\/p>\n","protected":false},"author":1,"featured_media":18218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[97],"tags":[261,262,233,263,260],"acf":[],"yoast_head":"\nPartners for Growth and Atalaya Capital Management extend $150m credit facility to Tabby - Hourani & Partners<\/title>\n<meta name=\"description\" content=\"Tabby Inc. has secured a USD 150 million credit facility from Partners for Growth (PFG) and Atalaya Capital Management, with Hourani & Partners representing both lenders in this landmark transaction. 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