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Tamara logo — Helping people own their dreams

Tamara

Helping people own their dreams

Founded 2020 Saudi Arabia Saudi Arabia 1239 employees Series C Total: $955.60M E-Commerce, Financial Services +3

General Information

Company Name Tamara
Founded Year 2020
Location Saudi Arabia Saudi Arabia +4
Founders / Decision Makers
Team member
Employees 1239
Industries E-Commerce, Financial Services, Fintech +2
Funding Stage Series C
Social

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About Tamara

Tamara, founded in 2020, has quickly emerged as a leading fintech platform in Saudi Arabia and the GCC region. With its slogan "Helping people own their dreams", Tamara's mission is to construct the most customer-centric financial super-app on earth.

Boasting over 20 million users, Tamara has cemented partnerships with both renowned global brands like Apple, SHEIN, and Amazon, and key regional players such as Jarir, noon, and IKEA. The company aims at reshaping the landscape of E-Commerce, Payments, and Retail sectors in the region.

Heralding a robust growth trajectory, Tamara recently secured a significant $340.00M Series C investment on 18 December 2023, led by a consortium of top-tier investors including Coatue, Endeavor Catalyst, PIF, Shorooq Partners, Pinnacle Capital, Saudi National Bank, Sanabil, and Checkout.com. This backing underscores its capacity and ambition to revolutionize the financial framework in the area.

Taxonomy: Financial Super-App, Customer-Centric Solutions, Payments Platform, Retail Technology, Digital Banking, Buy Now Pay Later, Startup Growth, Investment, Fintech Partnerships, Merchant Services, Consumer Finance, Saudi Arabia Technology, Regional Expansion

Services & Products

Flexible Payment Plans
Interest-Free Installments
Business Payment Tools
APR Calculator
Smart Cashback Program
Consumer Protection

Target Customers

Online Shoppers Retail Businesses E-commerce Platforms Merchants in KSA, UAE, Kuwait, Bahrain

Funding Rounds & Investors (8)

View All
Funding Stage Amount Investors Lead Investors Date
Series C •••••• 8
Investor Investor Investor Investor Investor Investor
•••• •••• 		18 Dec 2023
Debt Financing •••••• 2
Investor Investor
14 Nov 2023
Debt Financing •••••• 1
Investor
16 Mar 2023
Series B •••••• 5
Investor Investor Investor
•••• •••• 		22 Aug 2022
Series A •••••• 1 •••• •••• 22 Apr 2021

View All 8 Funding Rounds

Latest News

View All
Re-commerce marketplace Soum gets $18M backing to scale in MENA — Techcrunch
Re-commerce marketplace Soum gets $18M backing to scale in MENA
Techcrunch Jan 23, 2024
Saudi shopping and BNPL platform Tamara tops $1B valuation in $340M Series C funding — Techcrunch
Saudi shopping and BNPL platform Tamara tops $1B valuation in $340M Series C funding
Techcrunch Jan 23, 2024
Early-stage fintech startups just got more funding sources — Techcrunch
Early-stage fintech startups just got more funding sources
Techcrunch Jan 23, 2024

Tamara Alternatives & Competitors

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Tamara vs
Ottu
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Tamara Mellon
Tamara Mellon United States

Doing what we do best: Designing shoes and breaking rules.

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Tamara vs
Paymob
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FAQ About Tamara

Helping people own their dreams
Tamara was founded in 2020.
Tamara is headquartered in Saudi Arabia.
Tamara operates in the following industries: E-Commerce, Financial Services, Fintech, Payments, Retail.
Tamara has approximately 1239 employees.
Tamara has completed 8 funding rounds, raising a total of $955.60M. The latest funding stage is Series C.
Tamara offers: Flexible Payment Plans, Interest-Free Installments, Business Payment Tools, APR Calculator, Smart Cashback Program, Consumer Protection.
Top alternatives and competitors to Tamara include Ottu, Tamara Mellon, Paymob, Sea, Glass Handbag. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Tamara and Ottu are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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