Allen & Overy advised Atalaya Capital Management
Allen & Overy advised Atalaya Capital Management
Allen & Overy advised Atalaya Capital Management, New York-based investment advisory firm, as one of the lenders. It's related to Dubai-based buy now, pay later (BNPL) provider Tabby's USD150 million debt financing.
Jointly provided by San Francisco-based Partners for Growth, the financing was will be used to support Tabby's non-stop development.
Marked as one of the largest credit facilities secured by a fintech company in the GCC, this is also Atalaya Capital Management's first deal in the Middle East.
Tabby is the largest BNPL provider in the Middle East, launched in 2020. Tabby's platform permits customers to buying goods from over 3000 global brands and small businesses and pay later in portions.
Samer Eido, Dubai banking partner expressed his pleasure to fund Atalaya Capital Management on this important deal. It shows the increasing importance of the fintech industry in the Middle East and the craving from global investors to invest in the region.
Assisted by Jonathan Beech (Associate) and Joe Riches (Associate), the A&O team was headed by Samer Eido (Partner) of Dubai and Aaron Temple (Senior Associate).
