Tamara Asset Profile

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Year established

2020

Location

Riyadh Saudi Arabia

Primary Industry

Financial Services

About

Based in Riyadh, Saudi Arabia, and founded in 2020, Nakhla IT Systems LLC, trading as Tamara, operates as a fintech company that provides a buy-now-pay-later solution that enables customers to pay on an installment method. Abdulmajeed Alsukhan (CEO), Turki Bin Zarah, and Abdulmohsen Al Babtain are the co-founders of the company. In December 2023, Tamara raised SAR 1.3 billion in Series C funding co-led by NCB Capital and Sanabil Investments, including Shorooq Partners, Pinnacle Capital, and Impulse Ventures. Tamara is a provider of a Buy-Now-Pay-Later platform with two primary products: Pay in 30 days, which allows customers to pay an order amount without incurring any additional costs, and Pay in 3, which allows users to split it into three payments. The firm partners with Farfetch, Noon, Shein, Ikea, and others. The organization plans to use the December 2023 funding to support the development of new products and services.

Current Investors

Vision Ventures, Hala Ventures, Khwarizmi Ventures

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Primary Industry

Financial Services

Sub Industries

e-Financial, Accounting/Finance Software

Website

www.tamara.co/

Verticals

FinTech, FinTech, Mobile Apps

Total Amount Raised

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