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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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People of Tamara
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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.
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.
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Private equity and funds of funds focused on early to mature stage companies and multiple funds
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Provider of an investment platform for various stages
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Early-stage investments in tech companies are made by Shorooq Partners.
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Investor details for Tamara
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Investments & Acquisitions by Tamara
Investment portfolio details for Tamara
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- Transaction dates
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Financial Statements - Tamara
Detailed financials for Tamara
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- Historical revenue
- Profit trends
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Tamara Comparisons
Peer comparison for Tamara
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- Named peers
- Headcount comparison
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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.
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Point-of-sale financing is facilitated through an online platform for purchases.
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Purchase financing solutions are offered to businesses via installment payments.
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Payment solutions and installment financing are provided for e-commerce users.
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Payments are split into interest-free installments at point-of-sale.
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Developer of an online platform for point-of-sale financing
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Detailed competitors of Tamara
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Latest news on Tamara
Complete news archive for Tamara
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Frequently Asked Questions about Tamara
Tamara was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Tamara is headquartered in Riyadh, Saudi Arabia.
Abdulmajeed Alsukhan is the current CEO of Tamara. They have also founded this company.
Tamara is a funded company, having raised a total of $556M across 8 funding rounds to date.
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.
Tamara has 17 investors. Key investors include Citi, Goldman Sachs, Checkout.com, Shorooq Partners, and Pinnacle Capital.