Tamara, Saudi Arabia’s leading fintech company, has announced a groundbreaking agreement to secure an asset-backed facility worth up to $2.4 billion from a consortium of major international financial institutions, including Goldman Sachs, Citi, and Apollo funds.
The deal represents the largest of its kind in the region, underscoring strong global confidence in the Kingdom’s digital finance sector.
A Strategic Step in Growth
This milestone follows Tamara’s $340 million Series C funding round in December 2023, reinforcing the company’s position as a market leader and highlighting investor confidence in its ability to scale and sustain rapid growth.
Fintech Boom in MENA
According to recent data, fintech activity in the Middle East and North Africa surged by 69% year-on-year in the first half of 2025, with 93 transactions recorded and funding levels tripling compared with the same period last year. This surge demonstrates the region’s accelerating momentum in digital finance.
Strengthening Saudi Arabia’s Financial Hub Ambitions
Beyond being a landmark for Tamara, the deal also supports Vision 2030 goals to position Saudi Arabia as a global hub for financial innovation and a prime destination for fintech investment.
