About Tamara
Tamara is a company based in Riyadh (Saudi Arabia) founded in 2020 by Abdulmajeed Alsukhan.. Tamara has raised $556 million across 8 funding rounds from investors including Citi, Goldman Sachs and Checkout.com. Tamara operates in a competitive market with competitors including Klarna, Tabby, Scalapay, Cashew Payments Technology and Postpay, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Abdulmajeed Alsukhan
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$556 M (USD)
in 8 rounds
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Latest Funding Round
$2.4 B (USD), Debt – Conventional
Sep 15, 2025
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Investors
Citi
& 16 more
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Employee Count
Employee Count
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Software Development Team
22 people
Data Analysis and Operations Team
20 people
Leadership Team
15 people
Sales and Marketing
10 people
Human Resources and Administration
6 people
Finance and Accounting
5 people
Senior Team
5 people
Operations Team
5 people
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Funding Insights of Tamara
Tamara has successfully raised a total of $556M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.4 billion completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Debt – Conventional — $2.4B
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First Round
First Round
(20 Jan 2021)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Debt – Conventional - Tamara | Valuation |
investors |
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| Dec, 2023 | Amount | Series C - Tamara | Valuation | Alahlicapital , Sanabil | |
| Nov, 2023 | Amount | Debt – Conventional - Tamara | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tamara
Tamara has secured backing from 17 investors, including institutional and venture fund investors. Prominent investors backing the company include Citi, Goldman Sachs and Checkout.com. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity and funds of funds focused on early to mature stage companies and multiple funds
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Founded Year | Domain | Location | |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Early-stage investments in tech companies are made by Shorooq Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tamara
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tamara
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tamara Comparisons
Competitors of Tamara
Tamara operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Klarna, Tabby, Scalapay, Cashew Payments Technology and Postpay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated through an online platform for purchases.
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| domain | founded_year | HQ Location |
Purchase financing solutions are offered to businesses via installment payments.
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| domain | founded_year | HQ Location |
Payment solutions and installment financing are provided for e-commerce users.
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| domain | founded_year | HQ Location |
Payments are split into interest-free installments at point-of-sale.
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| domain | founded_year | HQ Location |
Developer of an online platform for point-of-sale financing
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tamara
Frequently Asked Questions about Tamara
When was Tamara founded?
Tamara was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Tamara located?
Tamara is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Tamara?
Abdulmajeed Alsukhan is the current CEO of Tamara. They have also founded this company.
Is Tamara a funded company?
Tamara is a funded company, having raised a total of $556M across 8 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $250M, raised on Jan 20, 2021.
What does Tamara do?
Tamara was founded in 2020 in Riyadh, Saudi Arabia, within the fintech sector. Buy-now-pay-later payment solutions are offered, enabling purchases to be divided into interest-free installments. Flexible options are available for transactions at online and physical retail locations across the region. Simplicity and security are emphasized in the service, alongside Sharia compliance to support accessible financing for consumers.
Who are Tamara's investors?
Tamara has 17 investors. Key investors include Citi, Goldman Sachs, Checkout.com, Shorooq Partners, and Pinnacle Capital.
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