Insights

- ‘Buy now, pay later’ start-up eyes IPO in a few years
- Growing number of Mideast tech startups planning share sales

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.