Tamara, a fintech startup based in Saudi Arabia, has secured a $150 million debt facility in its latest fundraising round. This financing, provided by US investment bank Goldman Sachs, will enable Tamara to enhance and expand its buy now, pay later (BNPL) product, as stated by the company.
In addition, the funds will support a growth strategy across various new verticals. With this new facility, Tamara’s total funding has reached $366 million since its launch in September 2020. Co-founder and CEO Abdulmajeed Alsukhan noted that the company has onboarded six million customers across the Middle East and aims to develop additional offerings beyond its BNPL product.
To learn more about payments innovation, register for NextGen Nordics, which will take place on 25 April 2023.