Tamara Stock

Tamara is a shopping and payments platform that enables customers to pay in installments.

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About Tamara Stock

Tamara is the leading shopping and payments platform in Saudi Arabia and the GCC region, with a mission to empower people in their daily lives and revolutionize how they shop, pay and bank. The company was founded by serial entrepreneur Abdulmajeed Alsukhan along with his partners Turki Bin Zarah and Abdulmohsen Al Babtain. Tamara has over 350 employees and operates out of its headquarters in Riyadh, Saudi Arabia and has offices in the UAE, Egypt, Germany and Vietnam. Tamara has raised up to $366 million in equity and debt since its launch in September 2020. Investors in Tamara include Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), Checkout.com, Coatue, Shorooq Partners, Endeavor Catalyst and now Goldman Sachs. Tamara has 6 million customers and more than 15,000 partner merchants including leading global and regional brands such as SHEIN, Jarir, Noon, IKEA, H&M as well as local small and medium businesses.

Funding History

January 2021$5.6M
April 2021$110M
August 2022$100M
March 2023$150M
November 2023$250M
December 2023$340M

Management

Head of Business Intelligence and Analytics

Ali Yaakub

Co-Founder and Chief Commercial Officer

Turki Bin Zarah

Co-Founder & CEO

Abdulmajeed Alsukhan

Senior Director of Corporate Finance

Ankit Thakkar

VP of Product

Sudheesh Kumar

Product & Fraud Advisor

Kamil Mouhid

Senior Director of Corporate Finance

Ankit Thakkar

Co-Founder and Director of Product

Abdulmohsen Albabtain

Risk Advisor

Khalid Alajaji

Press

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