Tamara logo

Nakhla Information Systems Technology Company

Fintech

Tamara Stock

Tamara is a leading financial technology company specializing in buy-now-pay-later (BNPL) services. It offers flexible payment solutions that allow customers to split their purchases into multiple interest-free installments. Operating across Saudi Arabia, the UAE, and Kuwait, Tamara aims to enhance the shopping experience by providing secure, hassle-free payment options.

Founded: 2020

Tamara Website

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Tamara Company Overview

Tamara has quickly emerged as a prominent player in the fintech industry in the Middle East, particularly within the buy-now-pay-later (BNPL) sector. Headquartered in Riyadh, Saudi Arabia, Tamara was established with the goal of revolutionizing the shopping experience by offering consumers flexible payment options that adhere to Islamic finance principles. The company’s services allow shoppers to split their payments into two, three, or four interest-free installments, which can be managed easily through their mobile app. Tamara’s solutions are particularly appealing due to their alignment with Sharia compliance, ensuring that there are no hidden fees or interest charges. Tamara operates across several countries in the Gulf Cooperation Council (GCC) region, including Saudi Arabia, the United Arab Emirates, and Kuwait. It has partnered with tens of thousands of merchants, enabling customers to access a wide range of products and services with the added benefit of exclusive discounts through its Farah program. The company’s user-friendly platform provides a seamless registration process, requiring only basic identification to get started. Under the regulation of the Saudi Central Bank (SAMA), Tamara is committed to maintaining high standards of financial security and transparency. Its innovative approach and rapid growth have positioned it as a key player in the region’s burgeoning fintech landscape, catering to both consumers and businesses seeking modern, flexible financial solutions.

Management Team

Abdulmajeed Alsukhan Co-Founder and Chief Executive Officer
Stefan Marciniak Chief Financial Officer
Turki Zarah Co-Founder, Managing Director, and Chief Operating Officer
Zaenal Toguliga Chief Technology Officer
Abdulmohsen Albabtain Co-Founder, Chief Product Officer, and Director of Product

Funding Information