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Location : Saudi Arabia Founded : 2020 Founders : Abdulmajeed Alsukhan ( CEO ), Turki Bin Zarah ( COO ), Abdulmohsen Albabtain ( CPO ) Total funding : US $ 366m

Since its launch across Saudi , UAE , Kuwait , and Bahrain in 2020 , Tabby rival Tamara has onboarded six million customers , making it one of the largest BNPL providers regionally . Tamara acts as an ecommerce enabler for 15,000 merchants , including brands Shein , IKEA , Jarir , Noon , H & M . The highest funded startup in Saudi , Tamara is renowned for securing financing from top-tier global institutions , and recently secured a debt facility of up to US $ 150m from Goldman Sachs , marking a regional first of its kind . This brings its total funding in equity and debt to US $ 366m , which Tamara is using to accelerate demand for its BNPL product .

Abdulmajeed Alsukhan ( CEO ), Turki Bin Zarah ( COO ), Abdulmohsen Albabtain ( CPO ) businesschief . com 73