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Funding to date: $116m in two funding rounds Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices Abdulmajeed Alsukhan does not shy away from challenges. The serial entrepreneur, a cancer survivor, has built one of Saudi Arabia s fastest-growing start-ups, alongside co-founders Turki bin Zarah and Abdulmohsen Albabtain. Tamara – a buy now, pay later company – raised $110 million in early-stage venture capital funding last month and intends to establish a presence in every GCC market. The founders’ next mission is to expand across the Mena region, South-East Asia and in other emerging markets. Mr Alsukhan’s year-long battle with cancer at the age of 26 changed his perspective on life, including how to face challenges, persevere and make the best of any given situation. ....
Tamara Raises Record $110M Series A Round from UK's Checkout.com cairoscene.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cairoscene.com Daily Mail and Mail on Sunday newspapers.
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Dubai: The ‘buy now pay later’ consumer spending trend has hit Saudi Arabia in a big way. A BNPY platform, Tamara, has raised $110 million from its Series A round, which is the largest such in the Middle East and North Africa to date. The investments were led by Checkout.com, and will see Tamara extend its reach in the other Gulf markets this year itself. Tamara, founded last year, was the first BNPL firm in the Kingdom to be enrolled in Saudi Central Bank’s Sandbox programme. It closed a $6 million seed funding round in January, also the largest such in that market. ....