Dubai, UAE 1st of March 2022: Namshi, MENA’s premier online fashion and beauty destination, has partnered with Tabby, the MENA’s leading shopping and financial services app, to enable its customers to access flexible payment solutions. As one of the leading e-commerce platforms in the MENA region, Namshi shoppers can now choose to pay for purchases in four interest-free installments at checkout.
The partnership is part of Namshi’s ongoing commitment to providing its customers with a seamless shopping experience that is easy, enjoyable, and convenient. It also reflects Namshi’s goal of providing users with more payment options that are both flexible and user-friendly.
This partnership is the latest of several agreements that Tabby has signed with the region's leading retailers and represents a unique milestone for its CEO and Co-Founder, Hosam Arab. Arab co-founded Namshi in 2011, which was later acquired by Emaar Malls and, more recently, by noon.
Commenting on the announcement, Arab said:
"When we founded Namshi, we set out to create an unparalleled shopping experience for fashion lovers in the MENA region. With the support of the team at Namshi, Tabby’s now able to help continue that mission to even greater heights."
Manav Lohia, Namshi, added, "Our customers are always looking for ways to save money, so we're always looking for ways to give them what they want. BNPL with Tabby is a great addition to our offering, and it gives our customers more flexibility than ever when it comes to paying for what they want."
Namshi users can now benefit from Tabby’s services once they update their app to its latest version available on the App Store and Google Play.
Last month Tabby raised $58m from leading investors such as Sequoia Capital India, STV, Paypal Ventures and others. The company also works with over 10,000 brands, including 9 out of the ten largest retail groups in MENA, and more recently launched with noon, the region’s largest e-commerce marketplace. Last year, Tabby crossed 3 million active shoppers and grew 5x in revenue over the previous year.
Tabby creates financial freedom in the way people shop, earn and save by reshaping their relationship with money. Over 3 million active users choose Tabby to stay in control of their spending and make the most out of their money. Over 10,000 global brands and small businesses, including H&M, Adidas, IKEA, SHEIN, noon, and Bloomingdale’s use Tabby’s technology to accelerate growth and gain loyal customers by offering flexible payments online and in stores. Tabby is active in Saudi Arabia, UAE and Kuwait, and is valued at $660 million in its latest round of funding from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and Endeavor Catalyst.
Since 2011, Namshi has been a leader in the Middle East's e-commerce sector, embodying a commitment to "moving fast and doing things differently." As part of the noon Group ecosystem and supported by an extensive regional logistics and fulfillment network, Namshi provides a vast array of products, from its own in-house collections to globally-recognized brands, with delivery across the GCC and globally. Businesses and consumers can trust Namshi's dedication to innovation and excellence.
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