# Tamara

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tamara

- Industry: Financial Services
- Headquarters: Riyadh, Saudi Arabia
- Website: www.tamara.co
- Total disclosed funding: $453M
- Latest round: Series C (Dec 18, 2023)
- Investors on record: 15

## About

Based in Riyadh, Saudi Arabia, and founded in 2020, Tamara Finance Company, formerly known as Nakhla IT Systems LLC, operates as a fintech company that provides a buy-now-pay-later solution that enables customers to pay on an installment method. Abdulmajeed Alsukhan (CEO), Turki Bin Zarah, and Abdulmohsen Al Babtain are the co-founders of the company. In September 2025, Tamara Finance Company raised USD 1.4 billion in venture debt funding from Goldman Sachs Asset Management, Citigroup, Apollo Global Management, and other unspecified investors. The round was part of a larger USD 2.4 billion venture debt funding.

Tamara is a provider of a Buy-Now-Pay-Later platform with two primary products: Pay in 30 days, which allows customers to pay an order amount without incurring any additional costs, and Pay in 3, which allows users to split it into three payments. The firm partners with Farfetch, Noon, Shein, Ikea, and others.

The company will use the September 2025 financing to refinance and upsize a prior $500 million asset-backed facility and expand into new credit and payment products.

## Funding rounds

- Series C, Dec 18, 2023, $347M — Coatue Management, SNB Capital, Endeavor Catalyst, Shorooq Partners, Checkout Ltd, Impulse Ventures, Sanabil Investments, Pinnacle Capital
- Series B, Aug 22, 2022, $100M — Coatue Management, Endeavor Catalyst, Shorooq Partners, Checkout Ltd, Sanabil Investments
- Seed, Jan 20, 2021, $6M — Vision Ventures, Hala Ventures, Khwarizmi Ventures, Impact46, Nama Ventures, Wealth Well, Seedra Ventures
- Seed, May 1, 2020, $0.8M — Impact46

## Investors

- Impact46 (https://capitalatlas.ai/funds/impact46) — Seed
- Vision Ventures — Seed
- Hala Ventures (https://capitalatlas.ai/funds/hala-ventures) — Seed
- Khwarizmi Ventures (https://capitalatlas.ai/funds/khwarizmi-ventures) — Seed
- Nama Ventures (https://capitalatlas.ai/funds/nama-ventures) — Seed
- Wealth Well (https://capitalatlas.ai/funds/wealth-well) — Seed
- Seedra Ventures (https://capitalatlas.ai/funds/seedra-ventures) — Seed
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series B, Series C
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B, Series C
- Shorooq Partners (https://capitalatlas.ai/funds/shorooq-partners) — Series B, Series C
- Checkout Ltd — Series B, Series C
- Sanabil Investments (https://capitalatlas.ai/funds/sanabil-investments) — Series B, Series C
- SNB Capital (https://capitalatlas.ai/funds/snb-capital) — Series C
- Impulse Ventures (https://capitalatlas.ai/funds/impulse-ventures) — Series C
- Pinnacle Capital (https://capitalatlas.ai/funds/pinnacle-capital) — Series C