More Action in MENA BNPL Market

Australian fintech Zip follows up on its 2020 investment and acquires Spotii, setting up a well-funded battle for dominance with regional rivals

Spotii CEO Anuscha Iqbal

The battle lines are being drawn in the MENA region’s rapidly growing buy now, pay later market now that two local players have received major international investments.

First, we had Saudi-based Tamara, which raised a $110 million debt and equity round in April led by UK-based Checkout.com. Although reported as a Series A round,…