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Tamara

Can a Saudi BNPL leader become the GCC's consumer financial OS — shopping, payments, card, and banking — under SAMA's Sharia-compliant framework?

Founded2020
HQRiyadh, Saudi Arabia
Total raised$500M+ equity; $1.4B+ debt facilities
Latest roundDebt Refinancing, $1.4B
Valuation$1B+ (Series C, December 2023)
IndustryFintech / Lending
The story

Founded 2020 as a Sharia-compliant BNPL platform for Saudi consumers. Grew into the leading shopping and payments platform in the GCC, becoming the first Saudi fintech unicorn in December 2023. Now positioning as a broader shopping/payments/banking platform with the Tamara Card, Tamara Smart products, and deepening merchant integrations across KSA, UAE, Kuwait, and Bahrain — moving beyond pure BNPL into consumer financial OS.

Last 12 months
2026-05
Product timeline
2020
Founded in Riyadh as a BNPL platform for the GCC region· launch
2022
Raised $100M Series B led by Sanabil; 10x YoY revenue growth· funding
2023
$400M debt facility from Goldman Sachs to expand warehouse funding· lending
2023
$340M Series C at $1B valuation — first Saudi fintech unicorn· funding
2024
Launched Tamara Card (consumer card product)· card
2025
Expanded to UAE, Kuwait, and Bahrain markets· expansion
Regulated entities
BNPL / Consumer Finance License
Saudi Arabia (SAMA)
Tamara Finance Company
Financial Services Entity
UAE
Tamara FZE
The stack
Payments / PSP
Tamara (self-operated BNPL)Paymob (gateway partner)
Lending
Tamara Finance Company (in-house)Pay in FullSplit in 2/3/4Pay Next MonthTamara BundlePay Later Financing
Accounting
SallaShopifyWooCommerceZidMagentoPaymob
Accounting gap: minor