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Goldman-Backed Saudi Fintech Firm Tamara Hits Unicorn Valuation

By

Matthew Martin © 2024 Bloomberg L.P.

Monday, 18 December 2023

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Saudi Arabian financial technology company Tamara, which is backed by Goldman Sachs Group Inc., has been valued at over $1 billion in its latest equity funding round.

Tamara raised $340 million from investors including Sanabil, a unit of the Saudi sovereign wealth fund, and SNB Capital, a unit of the kingdom’s largest bank, according to a statement from the fintech.

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