Saudi FinTech platform Tamara raises $110m amid expansion push
- Date: 22-Apr-2021
- Source: The National
- Sector:Financial Services
- Country:Saudi Arabia
Saudi FinTech platform Tamara raises $110m amid expansion push
Tamara, a Saudi-Arabia-based "buy now, pay later" platform, raised $110 million in a Series A funding round led by London-based payments processor Checkout.com.
The investment, which is a mix of debt and equity, will be used to hire new staff and help the start-up accelerate its expansion across the GCC by the end of this year followed by its entry into other geographies, the company said in a statement on Thursday.
Tamara, which is currently operating in the kingdom and the UAE, was “born to make a change”, Abdulmajeed Alsukhan, the company's co-founder and chief executive, said.
“We offer our customers an alternative to
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