Tamara: Funding, Investors & Team (Sep 2026)
Tamara, a company established by Abdulmajeed Alsukhan, along with Turki Bin Zarah and Abdulmohsen Al Babtain, is the most popular shopping and payments platform in Saudi Arabia and the GCC region. Its aim is to empower individuals in their daily lives and modernize their shopping, banking and payments. With over 350 employees, Tamara operates from its headquarters in Riyadh, Saudi Arabia, and has additional offices in the UAE, Egypt, Germany and Vietnam. Tamara has secured up to $366 million in both equity and debt financing since its launch in September 2020 with investors like Sanabil Investments, a company entirely owned by the Public Investment Fund (PIF), Checkout.com, Coatue, Shorooq Partners, Endeavor Catalyst and recently Goldman Sachs. Tamara serves six million clients and has over 15,000 partner merchants including international and regional brands such as SHEIN, Jarir, Noon, IKEA, H&M in addition to the local small and medium-sized businesses.
Tamara has raised $250M across 2 funding rounds on record, the most recent an undisclosed round of $150M announced in Mar 2023.
That round is above the $3.4M median round size for Commerce and Shopping companies tracked on FundedIQ over the last two years.
Tamara Company Profile and Key Stats
Latest funding round on record: Mar 2023.
Tamara Funding Rounds
Tamara raised $100M in a Series B announced in Aug 2022.
7 months later, an undisclosed round of $150M was announced in Mar 2023.
Tamara Founders and Leadership Team
No contact details are on record for this team yet.
Tamara Funding Compared to Other Commerce and Shopping Startups
Tamara's latest round of $150M is above the median round in Commerce and Shopping. Medians cover the last 24 months of disclosed rounds.
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Tamara Funding FAQs
What does Tamara do?
Tamara, a company established by Abdulmajeed Alsukhan, along with Turki Bin Zarah and Abdulmohsen Al Babtain, is the most popular shopping and payments platform in Saudi Arabia and the GCC region. Its aim is to empower individuals in their daily lives and modernize their shopping, banking and payments. With over 350 employees, Tamara operates from its headquarters in Riyadh, Saudi Arabia, and has additional offices in the UAE, Egypt, Germany and Vietnam. Tamara has secured up to $366 million in both equity and debt financing since its launch in September 2020 with investors like Sanabil Investments, a company entirely owned by the Public Investment Fund (PIF), Checkout.com, Coatue, Shorooq Partners, Endeavor Catalyst and recently Goldman Sachs. Tamara serves six million clients and has over 15,000 partner merchants including international and regional brands such as SHEIN, Jarir, Noon, IKEA, H&M in addition to the local small and medium-sized businesses.
How much funding has Tamara raised?
Tamara has raised $250M across 2 rounds on record. The most recent is an undisclosed round of $150M announced in Mar 2023.
When did Tamara last raise funding?
Tamara's most recent funding round on record is an undisclosed round of $150M, announced in Mar 2023.
Who founded Tamara?
FundedIQ lists Abdulmohsen Albabtain (Founder) at Tamara.
Where is Tamara headquartered?
Tamara is based in Riyadh, Ar Riyad, Saudi Arabia.
How many employees does Tamara have?
Tamara is in the 251-500 employee band.
How does Tamara's funding compare to other Commerce and Shopping startups?
Tamara's latest round of $150M is above the $3.4M median round size for Commerce and Shopping companies on FundedIQ across 3,501 tracked companies over the last two years.
About FundedIQ's Tamara Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Tamara is left off this page rather than filled in.
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