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Latham & Watkins Advises Saudi Fintech Tamara on its US$110 million Series A led by Checkout.com

April 22, 2021
Transaction represents largest Series A round in the history of the Middle East.

Latham & Watkins has advised Tamara, the fastest growing Buy Now Pay Later platform in the Middle East, in connection with its US$110 million Series A funding round led by Checkout.com, a world-leading fintech firm. The transaction represents the largest-ever Series A investment in the Middle East.

Proceeds of the round will be used to accelerate Tamara’s expansion across the Middle East and North Africa. Founded in 2020 and having closed its US$6 million seed round in January 2021, which also represented a market-first as the largest seed round in the history of Saudi Arabia, Tamara quickly established itself as a market-leader as one of the fastest growing startups in the history of venture capital in the Middle East.

The Latham team was led by Dubai counsel Eyad Latif with associates Omar Maayeh, Connie Leung, Peter Norris, and Avinash Balendran.