Sequoia Capital India and STV led a $58m Series C funding round in Tabby.

Sequoia Capital India, a venture capital firm, and STV, a technology venture capital fund, led a $58m Series C funding round in Tabby, a buy now, pay later startup, with participation from PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst. The funding will be used to expand Tabby’s product line into a plethora of consumer financial services and support the company’s growing operations that now include Egypt.