Tamara
Abdulmajeed Alsukhan is cofounder and CEO of the Saudi Arabia-based BNPL company, Tamara. Abdulmajeed is a serial entrepreneur, with Tamara being his third startup so far. Tamara allows online and in-store shoppers in Saudi Arabia, the U.A.E., and Kuwait to split payments across three installments with no hidden fees or interest. It has processed transactions worth over 1 Billion SAR 2021, Tamara’s first full year of operation. Tamara works with leading brands such as Jarir, SHEIN, Namshi, IKEA, NiceOne, Adidas among others. Today, Tamara has over 4 million registered customers and 4,000 partners. It has raised over $215 million in funding and employs almost 250 people across Saudi Arabia, U.A.E., Kuwait, Germany, and Vietnam.
Previously Abdulmajeed cofounded Nana, a digital grocery shopping platform, as well as on-demand hyperlocal delivery service Habli. Nana is currently the largest digital grocery shopping platform in Saudi Arabia and has raised more than $80 million in funding to date.
Abdulmajeed has a Master of Arts in Economic Policy from Boston University and a Bachelor of Arts in Financial Economics from California State University, Northridge.
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Tamara
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Tamara is MENA’s leading payments innovator, focused on providing a seamless experience for merchants and customers through fair and transparent financial solutions. The company’s flagship Buy Now Pay Later platform lets shoppers split their payments online and in-store with no interest and no hidden fees. Tamara was founded in Riyadh, Saudi Arabia in late 2020 by serial entrepreneur Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Al Babtain. It has since grown to more than 200 employees in offices around the world in KSA, UAE, Germany and Vietnam. The company’s $110 million Series A round in 2021 - led by Checkout.com - broke records as the largest-ever in the Middle East and to date it has raised $216 million in equity and debt. Tamara has over 3 million customers and more than 4,000 partner merchants including leading global and regional brands like IKEA, SHEIN, Adidas, Namshi and Jarir plus local SMEs.