Fundz

Saudi Shopping And Bnpl Platform Tamara Tops $1B Valuation In $340M Series C Funding

PRIVATEDec 18, 2023

Amount Raised

$340 Million

Round Type

Series C

RiyadhFinancial Services

Description

Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing C round that values the fintech at $1 billion.

Quick answer

Tamara raised $340 Million in a Series C round, dated December 18, 2023. Tamara is based in Riyadh, Riyadh Region, Saudi Arabia.

How much did Tamara raise?
Tamara raised $340 Million in a Series C round on December 18, 2023.
What does Tamara do?
Tamara is the leading shopping and payments platform in Saudi Arabia and the GCC region, with a mission to empower people in their daily lives and revolutionize how they shop, pay, and bank.
Where is Tamara based and how big is it?
Tamara is based in Riyadh, Riyadh Region, Saudi Arabia.
Who are the decision-makers at Tamara?
Fundz holds 1 contact at Tamara. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as Tamara that raised within 45 days of this round, from Fundz verified event records.

  • Pacific Life raised $982K (Seed) on February 1, 2024.
  • Pacific Life raised $79M on February 1, 2024.
  • DataSnipper raised $100M (Funding Round) on February 1, 2024.
  • Coris raised $3.7M (Seed) on February 1, 2024.
  • Amplifi Capital raised $29M (Funding Round) on February 1, 2024.
  • Loanstar Technologies LLC raised $28M (Funding Round) on January 31, 2024.

Who to call at Tamara, and when

A new round usually means Tamara is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Tamara raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Tamara, from your own LinkedIn network

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Company Information

Company

Tamara

Location

Riyadh, Riyadh Region, Saudi Arabia

About

Tamara is the leading shopping and payments platform in Saudi Arabia and the GCC region, with a mission to empower people in their daily lives and revolutionize how they shop, pay, and bank. The company was founded by serial entrepreneur Abdulmajeed Alsukhan along with his partners Turki Bin Zarah and Abdulmohsen Al Babtain. Tamara has over 500 employees and operates out of its headquarters in Riyadh, Saudi Arabia; and has offices in the UAE, Egypt, Germany, and Vietnam. Tamara has more than 9 million users and more than 26,000 merchants including leading global and regional brands such as SHEIN, Jarir, Noon, Ikea, H&M, Farfetch alongside local small and medium businesses. The Company is backed by Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), Checkout.com, Coatue, Shorooq Partners, and Endeavor Catalyst among others.

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Tamara raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.