When was Tamara founded?

Tamara was founded in 2020 and became a unicorn in 2023, reaching the milestone in 3 years. It raised its 1st funding round 1 year after its incorporation.

Where is Tamara located?

Tamara is headquartered in Riyadh, Saudi Arabia.

Who is the current CEO of Tamara?

Abdulmajeed Alsukhan of Tamara. They have also founded 1 company.

How many employees does Tamara have?

As of Jun 30, 2026, the latest employee count at Tamara is 1436.

Is Tamara a funded company?

Tamara is a funded company, having raised a total of $556M across 8 funding rounds to date. The company's 1st funding round was a $6M Seed round, raised on Jan 20, 2021.

How much is Tamara worth?

The latest valuation of Tamara is $1B as of Dec 18, 2023.

When was the latest funding round of Tamara?

Tamara's latest funding was a $2.4B Conventional Debt round on Sep 15, 2025, with participation from 3 investors.

Is Tamara a Alternative Lending company?

The primary sector of Tamara is Alternative Lending.

Where does Tamara rank among its competitors?

Tamara ranks 1st amongst 8 active competitors, of which 6 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was valU, which secured $63.6M in Jan, 2026.

Who are the top competitors of Tamara?

Tamara's top competitors include valU, Topi and Mondu. Among them, valU secured the most recent funding round in January, 2026.

Tamara - 2026 Company Profile, Team, Funding & Competitors

Tamara is a series C company based in Riyadh (Saudi Arabia), founded in 2020 by Abdulmajeed Alsukhan and Turki Bin Zarah. It operates as a Provider of buy-now-pay-later payment solutions. Tamara has raised $556M in funding from investors like Sanabil, Checkout.com and Alahlicapital, with a current valuation of $1B. The company has 8 active competitors, including 6 funded and 2 that have exited. Its top competitors include companies like valU, Topi and Mondu.

Sectors and market segments that Tamara operate in

Tamara serves in the FinTech market segments.The primary business model of Tamara is:

FinTech > Alternative Lending > ***** **** > ***** ******

Company Details

Provider of buy-now-pay-later payment solutions. It allows shoppers to split purchases into installments, offering flexible payment options at various retail locations. The service is designed to be simple and secure, with a focus on Sharia compliance. It facilitates transactions both online and in physical stores.

Website: tamara.co/en-sa
Social
Email ID: *****@tamara.co
Phone Number: +966 **********

Key Metrics

Founded Year

2020

Location

Riyadh, Saudi Arabia

Stage

Series C

Total Funding

$556M in 8 rounds

Latest Funding Round

Conventional Debt, Sep 15, 2025, $2.4B

Post Money Valuation

$1B as on Dec 18, 2023

Investors

Sanabil & 17 more

Ranked

1^st among 8 active competitors

Employee Count

1,436 as on Jun 30, 2026

Similar Companies

valU & 55 more

View Tamara's full profile

Tamara has raised a total funding of $556M over 8 rounds. Its first funding round was on Jan 20, 2021. Its latest funding round was a Conventional Debt round on Sep 15, 2025 for $2.4B. 3 investors participated in its latest round. Tamara has 18 institutional investors.

Here is the list of recent funding rounds of Tamara:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 15, 2025	$2.4B	Conventional Debt	-	-	-	Goldman Sachs, Citi, Apollo Funds
Dec 18, 2023	$340M	Series C	$1B	-	Alahlicapital, Sanabil	Checkout.com, Coatue, Shorooq Partners, Pinnacle Capital, Endeavor
Nov 14, 2023	$250M	Conventional Debt	-	-	-	Shorooq Partners, Goldman Sachs

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View details of Tamara's funding rounds and investors

The founders of Tamara are Abdulmajeed Alsukhan and Turki Bin Zarah. Abdulmajeed Alsukhan is the CEO of Tamara.

Here are the details of Tamara's key team members:

Abdulmajeed Alsukhan: Co-Founder & CEO of Tamara.
Turki Bin Zarah: Co-Founder & COO of Tamara.

View details of Tamara's Founder profiles and Board Members

Tamara's employee count trend

Tamara has 1,436 employees as of Jun 26. Here is Tamara's employee count trend over the years:

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Top competitors of Tamara include valU, Topi and Mondu. Here is the list of Top 10 competitors of Tamara, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tamara 2020, Riyadh (Saudi Arabia), Series C	Provider of buy-now-pay-later payment solutions	$556M	Goldman Sachs, Endeavor & 16 others	69/100
2nd	valU 2017, Giza (Egypt), Series B	Developer of an app-based platform for purchase tracking	$12.4M	Aziz Ventures, National Bank of Egypt	66/100
3rd	Topi 2021, Berlin (Germany), Acquired	Developer of API-based point-of-sale financing solutions for businesses	$19.5M	Index Ventures, Creandum & 8 others	65/100
4th	Mondu 2021, Berlin (Germany), Series A	Provider of financial management solutions for SMBs	$70M	Valar Ventures, FinTech Collective & 30 others	58/100
5th	Postpay 2019, Dubai (United Arab Emirates), Deadpooled	Developer of an online platform for point-of-sale financing	$35M	AP Ventures, Afterpay & 4 others	45/100
6th	Spotii 2019, Dubai (United Arab Emirates), Acquired	Provider of purchase financing solutions for customers	-	Daman Investments	45/100
7th	Mala 2024, Riyadh (Saudi Arabia), Seed	Provider of B2B procure-now-pay-later financing solutions	$7M	VentureSouq, BECO Capital & 4 others	37/100
8th	FinTech 2022, Hamburg (Germany), Seed	Online platform offering installment loan comparison for consumers	$122K	IFB Innovationsstarter, Frankfurt School Entrepreneurship Centre ... & 1 others	34/100
9th	ArabianPay 2023, Riyadh (Saudi Arabia), Seed	Fintech platform that provides banking and payment solutions for small and medium-sized enterprises	-	Albassami-Group	24/100