Tuesday, 16 September, 2025
Saudi Fintech Unicorn Tamara Raises Up to $2.4B to Expand Credit & Payments Business
Saudi fintech startup Tamara has secured a Shariah-compliant financing deal of up to US$2.4 billion, led by global institutions including Goldman Sachs, Citi, and Apollo. The facility refinances a previous US$500 million debt and provides US$1.4 billion upfront with an additional US$1 billion over three years (pending approvals). Funds will go toward expanding credit & payment products and increasing Tamara’s lending power.
Read full story at Economic Times