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Tamara
Saudi Arabia · Fintech
Tamara provides buy now, pay later services and develops credit and payment products for consumers in the Gulf.
Product
Founded in Saudi Arabia in 2020, Tamara lets shoppers spread the cost of purchases through its merchant network. Its business combines consumer payment services with financing capacity to support customer transactions.
The company is expanding its range of credit and payment products and pursuing regional growth. Institutional asset-backed facilities provide capacity for its lending activities.
Funding history
4 rounds · 4 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Asset-backed credit facility | ≤$2.4B | Citi — ParticipantGoldman Sachs — Participant | |
| Series C | $340M | Sanabil Investments — LeadSNB Capital Fintech Fund L.P. — LeadImpulse — ParticipantPinnacle Capital — ParticipantShorooq — Participant | |
| Additional warehouse financing | ≤$250M | Goldman Sachs — LeadThe Nahda Fund — Participant | |
| Warehouse securitisation facility | ≤$150M | Goldman Sachs — Participant |