Receivables securitisation facility · Fintech
Tabby secures receivables financing of up to $700 million from J.P. Morgan
The securitisation facility expands funding capacity for the company’s consumer financial services.
Tabby announced a receivables securitisation facility of up to $700 million from J.P. Morgan on December 21, 2023.
The asset-backed financing supports the company’s buy now, pay later business and expansion of its financial services and shopping products. Tabby reported serving more than 10 million consumers and 30,000 retailers at the time.
The facility was announced alongside a separate extension of Tabby’s Series D equity financing to $250 million.
Use of funds
Expand consumer financial services and shopping products
Funding history
Receivables securitisation facility · This round≤$700M