Saudi financial technology company Tamara secured a $150 million debt facility from Goldman Sachs Group Inc, defying a funding slowdown in the global venture capital sector. 

Founded less than three years ago, Tamara has emerged as one of the Gulf region’s leading “buy now, pay later” companies, having now raised $366 million in debt and equity. It counts a subsidiary of Saudi Arabia’s sovereign wealth fund and Checkout.com, one of Europe’s most valuable startups, among its investors.