Saudi fintech startup Tamara lands up to $2.4 billion financing deal
Saudi Arabian start-up Tamara has secured an up to $2.4 billion financing package from backers including Goldman Sachs, Citi, and Apollo funds that will help the fintech company expand its credit and payment products, it said on Monday.
The Shariah-compliant package will refinance and increase a previous $500 million facility, Tamara said in a statement. The deal includes an initial $1.4 billion, with a further $1 billion available for a three-year period pending further approvals.
