Saudi Arabia-based buy now, pay later (BNPL) platform Tamara has become that nation’s first unicorn. The company announced Monday (Dec. 18) that it had closed a $340 million Series C round, giving it a valuation of $1 billion. The term “unicorn” refers to a startup with...
Tamara has secured $150 million in debt financing for its shopping and payments platform. The firm, which serves consumers in the Gulf Cooperation Council (GCC) region, will use the receivables warehouse facility from Goldman Sachs to help finance its buy now, pay later (BNPL) product...
At a time of growing investor concerns and a retracting investment landscape that has led to a dip in valuations of many global firms, it’s fair to say that the ability to secure a 9-figure raise in the buy now, pay later (BNPL) space, where...
In today’s top stories from Europe, the Middle East and Africa (EMEA), French retailer Carrefour is freezing prices on 100 items, Saudi buy now, pay later (BNPL) firm Tamara secured $100 million in fresh funding and more. French Retailer Carrefour Freezes Prices on 100 ‘Everyday...
August 26, 2022
At a time of growing investor concerns and a retracting investment landscape that has led to a dip in valuations of many global firms, it’s fair to say that the ability to secure a 9-figure raise in the buy now, pay later (BNPL) space, where giants such as Klarna and Affirm have been severely hit, […]
December 18, 2023
Saudi Arabia-based buy now, pay later (BNPL) platform Tamara has become that nation’s first unicorn. The company announced Monday (Dec. 18) that it had closed a $340 million Series C round, giving it a valuation of $1 billion. The term “unicorn” refers to a startup with a valuation of at least $1 billion. “This historic investment […]
March 16, 2023
Tamara has secured $150 million in debt financing for its shopping and payments platform. The firm, which serves consumers in the Gulf Cooperation Council (GCC) region, will use the receivables...
August 22, 2022
Saudi Arabian buy now, pay later (BNPL) startup Tamara has raised a $100 million Series B equity round led by Sanabil Investments with participation from Coatue, Shorooq Partners, Endeavor Catalyst...
April 22, 2021
Checkout.com, an eCommerce company, is leading a $110 million funding round for Saudi payments firm Tamara, which bills itself “the leading buy now, pay later (BNPL) provider” in the Middle...
