Saudi shopping and BNPL platform Tamara tops $1B valuation in $340M Series C funding

Image Credits: Sean Gallup / Getty Images

Tamara, a buy now, pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing round that values the fintech at $1 billion.

Saudi asset manager and financial institution SNB Capital and Sanabil Investments, a wholly owned company by Saudi’s sovereign wealth fund Public Investment Fund (PIF), led the Series C round. Other backers include Shorooq Partners, Pinnacle Capital, Impulse and others, joining existing investors such as Checkout.com. The round, composed of primary…