Tamara raises $340m Series C, becomes Saudi fintech unicorn
By Cicada DeskEvent date: 1 min read
Added to the archive: Last verified:
In brief
Tamara announced a $340 million Series C on 18 December 2023, co-led by SNB Capital and Sanabil Investments at a $1 billion valuation, making it the Kingdom's first homegrown fintech unicorn.
Tamara announced a $340 million Series C on 18 December 2023, co-led by SNB Capital and Sanabil Investments at a $1 billion valuation, making it the Kingdom's first homegrown fintech unicorn. Shorooq Partners, Pinnacle Capital and Impulse joined, alongside Coatue, Endeavor Catalyst and Checkout.com.
The company reported more than 10 million users and more than 30,000 merchants across Saudi Arabia, the UAE and Kuwait.
Key figures
- $340mround size
- $1,000mvaluation
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
- 1$340m Series C funding elevates Tamara to unicorn status FinTech Global · 18 Dec 2023
- 2Saudi BNPL fintech Tamara lands $340m Series C funding at $1bn valuation Fintech Futures · 18 Dec 2023
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "Tamara raises $340m Series C, becomes Saudi fintech unicorn". Cicada, 18 December 2023. https://cicadaconsultancy.online/en/news/tamara-series-c-unicorn-2023
Free to quote and reuse with attribution under CC BY 4.0.
