---
title: "Tamara raises $340m Series C, becomes Saudi fintech unicorn"
url: "https://cicadaconsultancy.online/en/news/tamara-series-c-unicorn-2023"
language: "en"
event_date: "2023-12-18"
published: "2026-10-03"
last_verified: "2026-10-03"
category: "Startups"
publisher: "Cicada (cicadaconsultancy.online)"
license: "CC BY 4.0"
---

# Tamara raises $340m Series C, becomes Saudi fintech unicorn

- Event date: 18 December 2023 (2023-12-18)
- Topic: Startups
- In this story: Tamara, SNB Capital, Sanabil Investments
- URL: https://cicadaconsultancy.online/en/news/tamara-series-c-unicorn-2023

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

- round size: $340 m
- valuation: $1,000 m

## Sources

1. [$340m Series C funding elevates Tamara to unicorn status](https://fintech.global/2023/12/18/340m-series-c-funding-elevates-tamara-to-unicorn-status/) — FinTech Global, 2023-12-18
2. [Saudi BNPL fintech Tamara lands $340m Series C funding at $1bn valuation](https://www.fintechfutures.com/bnpl-payments/saudi-bnpl-fintech-tamara-lands-340m-series-c-funding-at-1bn-valuation) — Fintech Futures, 2023-12-18

Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.

---

Cicada · The signal in Saudi AI.
License: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/) · Full archive for language models: https://cicadaconsultancy.online/llms-full.txt