Fintech
+3
May 15, 2026
•
2 min read
Tamara Q1 2026 revenue triples as Islamic financing line scales to 27% of revenue
The Riyadh-headquartered BNPL lender's loan book grew 33%, its Goldman/Citi/Apollo funding facility was upsized to SAR 5.8 billion, and accumulated losses flipped into positive retained earnings for the first time.
Fintech
+3
May 15, 2026
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3 min read
Tabby's Saudi unit Q1 profit growth lags 34% revenue rise as in-house build-out bites
The Riyadh-headquartered BNPL lender's loan book crossed $1 billion for the first time, but operating expenses jumped 73% and net debt remains above the SAMA-prescribed ceiling.
Startups
+4
May 15, 2026
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1 min read
Saudi-based Aumet raises $12M Series A led by Emkan Capital to scale AI procurement platform
The platform processes over $1B in GMV annually, connecting over 12,000 pharmacies across Jordan, Egypt and Saudi Arabia with more than 1,000 pharmaceutical suppliers.
Startups
+4
May 15, 2026
•
1 min read
TruKKer secures up to $300M facility from ADCB as digital freight network unlocks institutional bank financing
Founded in 2016 by Gaurav Biswas, TruKKer connects more than 60,000 transporters with over 1,200 enterprise clients across 40 countries.
Fintech
+4
May 15, 2026
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1 min read
Stream raises $5.2M seed extension led by BECO Capital, bringing total seed funding to $9.2M in under six months
The fintech company builds billing and payments infrastructure that consolidates invoicing, recurring payments, reconciliation and cash flow tracking into a single platform.
Fintech
+4
May 14, 2026
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1 min read
Saudi fintech Stitch raises $25M Series A led by Andreessen Horowitz in the firm's first GCC investment
The round brings Stitch's total funding to $35 million as the Riyadh-based financial infrastructure platform reports $5 billion transacted in the past six months.
Startups
+4
May 8, 2026
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1 min read
Saudi early-stage VC Khwarizmi Ventures closes Fund II first close at $70M
Fund II will invest $1 million to $5 million initial cheques into seed and Series A startups across the GCC, up from the $500,000 to $2 million range in Fund I.
Jordan
+5
May 7, 2026
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1 min read
Careem makes sweeping layoffs across multiple markets, closes Berlin office
The cuts span the UAE, Jordan, Egypt, Pakistan and Germany, with Careem yet to publicly acknowledge them.
Results
+5
Apr 29, 2026
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20 min read
Inside Tamara's Books
What 40 pages of audited financial statements reveal about how Saudi's first homegrown fintech unicorn rebuilt its revenue model, underwrites a lending book it didn't have twelve months ago, funds it all at rates its nearest competitor can't match, and prepares for what comes next.
Contech
+3
Apr 29, 2026
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1 min read
Saudi's BRKZ lands investment from SIDF's investment arm as supply chain platform eyes cloud manufacturing
The investment will accelerate BRKZ's evolution from a procurement digitisation platform into what the company calls cloud manufacturing.
Startups
+3
Apr 20, 2026
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2 min read
Saudi grocery delivery platform Nana enters financial reorganisation after raising over $200M from Kingdom Holding, STV and others
The financial reorganisation comes as Saudi Arabia's delivery and quick commerce market has become one of the most competitive in the world.
SaaS
+3
Apr 20, 2026
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1 min read
Signit raises $15m Series A to build AI-powered contract management for Saudi government and enterprise
Founded in 2021 by Mohamed El Abbouri, the company built its initial business around a digital signature platform designed specifically for the Saudi market.
Results
+3
Apr 16, 2026
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2 min read
Tamara's Saudi arm hits first full-year profit of $51.5M on 90% revenue growth
The results mark a turning point for the Riyadh-headquartered BNPL unicorn, which is backed by PIF subsidiary Sanabil Investments, SNB Capital's fintech fund, and Checkout.com.
Results
+4
Mar 30, 2026
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3 min read
Exclusive: Tabby's Saudi arm posts $55 million profit on $378 million revenue in first audited annual accounts
The numbers land at a moment when Tabby is widely understood to be preparing for a Tadawul listing, with reports that HSBC, JPMorgan and Morgan Stanley are advising on a potential flotation.
Fintech
+3
Mar 26, 2026
•
5 min read
Lean Technologies becomes first fully licensed open banking provider in Saudi Arabia
The company serves over 350 enterprise clients and has processed more than $2 billion in transaction volume across the UAE and Saudi Arabia.
SWFs
+4
Mar 26, 2026
•
5 min read
Jeff Bezos pitches Gulf sovereign wealth funds on $100B manufacturing automation fund
If it closes at that scale, the fund would rival SoftBank's $100 billion Vision Fund as the largest private investment vehicle ever assembled, and like the Vision Fund before it, its viability would depend heavily on Gulf sovereign capital.
