Allen & Overy advised Checkout.com on the deal.
Checkout.com invested in fintech firm Tamara, based in Saudi Arabia. The transaction is the largest M&A transaction undertaken by Checkout.com to date.
Checkout.com, which was valued at USD 15 billion in its most recent financing round, is one of the largest unicorns in Europe and most valuable privately-held fintech businesses globally. Checkout is an online payments company integrating electronic payments, analytics and fraud preventions into a single platform.
Tamara, which was founded in 2020, offers “buy now, pay later” consumer financing at the point of sale or a checkout of an online platform. Tamara currently operates in the “Regulatory Sandbox” of the Saudi Central Bank. The Sandbox provides preliminary permission to successful applicants to allow them to test new digital solutions in a live environment prior to issuing full financial services licences.
Middle East Head of Corporate and partner David Foster (Picture) led the Allen & Overy team.
Involved fees earner: David Foster – Allen & Overy;
Law Firms: Allen & Overy;
Clients: Checkout.com, LLC;