Hosam Arab is a name synonymous with innovation and success in the Middle Eastern e-commerce and fintech landscape. As the co-founder and CEO of Tabby, he has been instrumental in reshaping the retail finance industry. His journey from founding Namshi to leading Tabby showcases his vision, leadership, and entrepreneurial spirit.
Hosam Arab’s educational background is as impressive as his professional achievements. He holds a Bachelor of Science degree in Electrical Engineering from Queen’s University and an MBA from Harvard Business School. This combination of technical and managerial education has equipped him with the skills needed to navigate and excel in the dynamic fields of e-commerce and fintech.
Co-founder and CEO of Tabby
In 2019, Hosam Arab co-founded Tabby, a buy-now-pay-later platform that has quickly become a leader in the Middle Eastern market. Under his leadership, Tabby has grown to serve over 14 million users and partner with more than 40,000 merchants. The company’s strategic relocation to Saudi Arabia in 2023 has further solidified its position as a market leader.
Co-founder and Managing Director of Namshi.com
Before founding Tabby, Hosam Arab co-founded Namshi.com in 2011. Namshi, an online fashion retailer, quickly gained popularity in the Middle East by promoting digital innovation and offering a diverse product mix. The company’s success was driven by its innovative brand offering and outstanding marketing strategy. Hosam served as the Managing Director of Namshi until 2019 when the company was acquired by Emaar Malls.
Tabby’s Product Mix and Team
Tabby’s product mix includes exclusive in-house collections, sports and activewear, and globally recognized brands. The company’s success is attributed to its innovative brand offering and outstanding marketing strategy. The team, comprised of 31 nationalities and 17 languages, brings innovation and creativity to the e-commerce hub.
Challenges and Achievements
Hosam Arab has faced various challenges in his entrepreneurial journey, including market fluctuations and competition. However, his ability to adapt and innovate has helped him overcome these challenges and achieve significant milestones. Tabby’s recent $23 million Series A funding round and its strategic relocation to Saudi Arabia are testaments to its growth and success.
Future Plans and Vision
Looking ahead, Hosam Arab has ambitious plans for Tabby’s future. The company aims to continue expanding its business operations, entering new markets, and investing in new technologies. Hosam’s vision is to create a cashless society in the Middle East and provide fair and transparent personal finance services.
Strategic Relocation to Saudi Arabia
In 2023, Tabby made a strategic decision to relocate its headquarters from the UAE to Saudi Arabia. This move was driven by the fact that Saudi Arabia represents the majority of Tabby’s customer base. The relocation has allowed Tabby to better serve its customers and take advantage of the favorable conditions for fintech firms in Saudi Arabia.
Role in the Fintech Revolution
Hosam Arab has been a key player in the fintech revolution in the Middle East. His vision of reshaping people’s relationship with money and promoting financial freedom has been central to Tabby’s success. The company’s participation in events like 24 Fintech in Riyadh highlights its commitment to innovation and collaboration in the fintech landscape.
IPO Plans and Future Growth
Tabby has ambitious plans for the future, including a potential initial public offering (IPO). Hosam Arab believes that going public will provide the company with the resources needed to continue its growth and expansion. The company’s focus on creating a cashless society and providing fair and transparent personal finance services will drive its future success.
Hosam Arab’s journey from founding Namshi to leading Tabby is a testament to his vision, leadership, and entrepreneurial spirit. His ability to navigate challenges and drive growth has made him a notable figure in the Middle Eastern e-commerce and fintech industry. With his innovative approach and strategic vision, Hosam Arab continues to shape the future of retail finance in the region.
