On Wednesday, Saudi Arabian fintech firm Tabby raised a whopping $160 million in a funding round led by a clutch of existing investors. The new round values the five-year-old startup at $3.3 billion, more than double its last valuation of $1.5 billion in October 2023. 

According to a statement released by Tabby, this is the startup’s Series E financing round and the investors that have backed it again include Hong Kong’s Blue Pool Capital, Hassana Investment Company of Riyadh, Saudi Technology Ventures and Boston-based Wellington Management. 

Tabby is now also the most valuable fintech player in the entire Middle …