Saudi’s Tamara raises $150 million in debt financing from Goldman Sachs

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Saudi’s Tamara raises $150 million in debt financing from Goldman Sachs. With this funding, Tamara aims to finance the demand for its flagship BNPL product and continue its growth across new verticals.

Tamara works as a commerce enabler for over 15,000 online and offline partner merchants. Clients include IKEA, H&M, Noon, Shein, and Jarir, among others. Tamara’s mission is to empower people and revolutionise how they shop, bank, and pay in their daily lives. According to the company, the region is still developing, with cash on delivery being common in ecommerce and credit card penetration being low in comparison to global markets. According to the report, Saudi Arabia’s population is skewed towards youth, who account for nearly 70% of the country’s population.

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Saudi’s Tamara raises $150 million in debt financing from Goldman Sachs

Saudi’s Tamara raises $150 million in debt financing from Goldman Sachs. With this funding, Tamara aims to finance the demand for its flagship BNPL product and continue its growth across new verticals.

Tamara works as a commerce enabler for over 15,000 online and offline partner merchants. Clients include IKEA, H&M, Noon, Shein, and Jarir, among others. Tamara’s mission is to empower people and revolutionise how they shop, bank, and pay in their daily lives. According to the company, the region is still developing, with cash on delivery being common in ecommerce and credit card penetration being low in comparison to global markets. According to the report, Saudi Arabia’s population is skewed towards youth, who account for nearly 70% of the country’s population.

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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