Warehouse securitisation facility · Fintech
Tamara secures warehouse financing of up to $150 million from Goldman Sachs
The receivables securitisation supports expansion of the company’s buy now, pay later business in Saudi Arabia.
Tamara secured a warehouse securitisation facility of up to $150 million from Goldman Sachs, disclosed on March 16, 2023. The financing is backed by buy now, pay later receivables originated by Nakhla for Information Technology Systems, the Saudi operating business identified as Tamara in the transaction.
The facility gives the company capacity to finance additional consumer receivables and expand its BNPL operations. It channels funding against the payment obligations created by customer purchases.
Use of funds
Finance additional consumer receivables and expand BNPL services
Funding history
Warehouse securitisation facility · This round≤$150M