Saudi Arabia’s BNPL platform Tamara raised $100 million in funds led by Sanabil Investments

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Saudi Arabia’s buy now, pay later (BNPL) platform Tamara raised $100 million in funds led by Riyadh-based Sanabil Investments where other investors including Coatue, Shoorooq Partners, Checkout.ae and Endeavor Catalyst also participated.

Customers can divide their payments into four categories using the BNPL platform. Tamara plans to use the funds to launch new services and products, as well as expand into new markets, according to a statement. Tamara has already seen significant growth, with over 3 million customers and a 10x revenue increase.

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Saudi Arabia’s BNPL platform Tamara raised $100 million in funds led by Sanabil Investments

Saudi Arabia’s buy now, pay later (BNPL) platform Tamara raised $100 million in funds led by Riyadh-based Sanabil Investments where other investors including Coatue, Shoorooq Partners, Checkout.ae and Endeavor Catalyst also participated.

Customers can divide their payments into four categories using the BNPL platform. Tamara plans to use the funds to launch new services and products, as well as expand into new markets, according to a statement. Tamara has already seen significant growth, with over 3 million customers and a 10x revenue increase.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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