The e-commerce finance provider has bagged $110m in a Checkout.com-led round reportedly the largest yet for a Saudi Arabia-based startup.

E-commerce payment processor Checkout.com has led a $110m series A debt and equity round for Tamara, the Saudi Arabia-headquartered operator of a buy-now, pay-later (BNPL) service, Bloomberg reported yesterday.

Founded in July 2020 and launched two months later, Tamara offers online customers in Saudi Arabia and the United Arab Emirates the opportunity to buy items and pay for them in either a month’s time or through three monthly instalments.

The service covers Visa, Mastercard, Mada and Apple Pay and is…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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