Tamara
StartupShop now, pay later — the leading BNPL and payments platform in Saudi Arabia and the GCC.
Identifier: tamara- Funding stage
- Series C
- Raised
- $340M Disclosed · not verified+ $2.4B in debt facilities (not counted as raised)
- People
- 3
- Founded
- 2020
Key facts
| Fact | Confidence | Evidence |
|---|---|---|
| Funding stageSeries C | OrganizationProfile.factRelatedSource | |
| HeadquartersRiyadh | 1 source | |
| Founded2020 | 1 source |
Startup details
Tamara is a Saudi fintech and the region's leading shop-now-pay-later (BNPL) and payments platform, enabling customers across the GCC to split purchases into interest-free installments. Founded in Riyadh in 2020, it partners with thousands of online and in-store merchants.
Funding
| Round | Date | Amount | Confidence |
|---|---|---|---|
| Debt | Sep 15, 2025 | $2.4B | |
| Series C | Dec 18, 2023 | $340M |
- Sep 15, 2025Debt$2.4B
- Dec 18, 2023Series C$340M
Team
Relationships
Investors
- SNB CapitalCo-lead investor
- Sanabil InvestmentsCo-lead investor
- Checkout.comParticipant
- CoatueParticipant
- Shorooq PartnersParticipant
- Pinnacle CapitalParticipant
- Endeavor CatalystParticipant
- Impulse InternationalParticipant
Founders & leadership
- Abdulmajeed Al-SukhanFounder · CEO
- Abdulmohsen Al-BabtainCo-Founder
- Turki Bin ZarahCo-Founder
Related companies
Signals
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Company updates
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Related companies
Tamara Becomes Saudi Arabia's First Fintech Unicorn With $340M Series C
Saudi BNPL platform Tamara has raised a $340 million Series C at a valuation of over $1 billion, becoming the Kingdom's first homegrown fintech unicorn. The round was co-led by SNB Capital and PIF's Sanabil Investments. Tamara serves more than 10 million users across Saudi
Aug 30, 2026FundingSaudi Fintech Tamara Secures Up to $2.4bn Shariah-Compliant Financing Facility
Saudi Arabia's first fintech unicorn upsized a prior $500m facility to as much as $2.4bn, backed by Goldman Sachs, Citi and Apollo-managed funds, to expand consumer lending across the Kingdom and region.
Aug 31, 2026EditorialTamara Turns Profitable in 2025 as Revenue More Than Doubles
The Saudi BNPL unicorn reported SAR 92.4m net income for the first nine months of 2025, reversing a year-earlier loss as third-quarter revenue rose 114%.
Aug 31, 2026EditorialTamara's Q1 2026 Profit Jumps to SAR123m as Islamic Financing Nears a Third of Revenue
The Saudi BNPL unicorn tripled revenue and nearly quintupled profit as its new Shariah-compliant financing product scaled fast.
Aug 31, 2026Press releaseTamara Secures SAMA Consumer-Finance Licence to Offer Financing Beyond BNPL
The Saudi Central Bank licence lets the fintech unicorn extend financing above SAR 5,000, expanding well past its short-term instalment roots.
Aug 31, 2026