Public Investment Fund of Saudi Arabia

Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing C round that values the fintech at $1 billion. Saudi asset manager and financial institution SNB Capital and Sanabil Investments, a wholly-owned company by Saudi’s sovereign wealth fund Public Investment Fund (PIF), led the Series C round. Other backers include Shorooq Partners, Pinnacle Capital, Impulse and others, joining existing investors such as Checkout.com. The round, composed of…

Photo: Maja Hitij (Getty Images)Elon Musk testified before a nine-person-jury in California Monday to try to explain a series of tweets from 2018 in a trial that could cost the Tesla CEO billions. A group of burned Tesla shareholders are suing Musk, and they argue the billionaire misled investors, causing them to lose tens of millions, when he published his now infamous “funding secured” tweets announcing he was “considering” taking the company private.Several major themes ran through Musk’sfirst full day of testimony.…

Photo: Dimitrios Kambouris (Getty Images)Tesla CEO and former world’s richest man Elon Musk began a long awaited trial this week centered around his fateful August, 2018 “funding secured” tweet where he claimed he had successfully lined up funding necessary to take Tesla private at $420 per share. Tesla investors lawyering up against the billionaire say those promises, which never materialized, were “indisputably false” and wound up collectively costing them millions in losses. If the jury sides against Musk, the CEO,…