Buy now, pay later platform Tamara has become the first Saudi fintech startup to reach a $1 billion valuation after raising $340 million in its series C funding round, according to a statement.
Led jointly by SNB Capital and the Public Investment Fund’s Sanabil Investments, the capital injection bolsters Tamara’s position in Saudi Arabia’s fintech landscape as it aims to diversify its offerings.
Read More : Saudi Fintech Success: Tamara Secures Unicorn Status with $340 Million Funding Round