“We explored various discussions with interested parties and many of the investors that came in already have exposure to this model in other markets. For us, it made sense to raise capital at this time. We do see this as potentially the last round of capital that we would raise before an IPO. And we brought in investors that have public market expertise.”

https://techcrunch.com/2023/10/31/buy-now-pay-later-platform-tabby-nabs-200m-in-series-d-funding-at-1-5b-valuation/