Saudi Arabia’s Tamara, a buy now, pay later digital service, has raised $340 million with backing from Saudi sovereign wealth fund Sanabil and SNB Capital. The funding round brings Tamara’s valuation to $1 billion, giving it “unicorn” status. CEO Abdulmajeed Alsukhan has indicated that the company could pursue an IPO in Saudi Arabia.
Xero, a global small business platform, will partner with Flinks, a leading provider in open banking, to enable its US and Canadian customers to securely […]
Saudi FinTech start-up Nearpay has secured $14 million in a Series A funding round. The funding was led by Sanabil Investments, with contributions from stc’s […]
HSBC Holdings is set to launch a new international payments app called Zing, which will directly compete with popular fintech companies Revolut and Wise. The […]