Tamara, a Saudi financial technology concern, defied a worldwide venture capital sector funding slump by obtaining a $150 million lending facility from Goldman Sachs. Tamara will use Goldman’s $150 million “receivables warehousing facility,” which the company claims is a first in the Middle East, to finance product line expansion in the areas of banking, payments, and retail.

Goldman Sachs Backs Saudi Fintech Tamara With $150 Million Facility