Tag: Financial Super App

Saudi FinTech Tamara secures $2.4bn asset-backed facility

Tamara, the Saudi FinTech platform and the country’s first homegrown unicorn, has secured a Shari’ah-compliant asset-backed facility of up to $2.4bn from major global financial institutions, including Goldman Sachs, Citi and Apollo funds.

Exploited loophole causes major $20m security breach for Revolut

Revolut faced a security breach, leading to a loss of $20m due to a fault in its payment processing system, as reported by the FT.

120,000+ FinTech leaders get exclusive industry stories delivered every week