Tamara Partners with Soliman Fakeeh for Flexible Payments
This collaboration will allow patients to benefit from easier financial options when seeking medical care.
Tamara has announced a partnership with Dr. Soliman Fakeeh Hospital in Riyadh, aimed at enhancing healthcare accessibility through flexible, Sharia-compliant payment solutions. This collaboration will allow patients to benefit from easier financial options when seeking medical care.
The agreement was signed at 24 Fintech, with key representatives in attendance, including Rakan Alrowais, General Manager for KSA at Tamara, and Thamer Nouh, CEO of Dr. Soliman Fakeeh Hospital.
Tamara, a shopping and payments platform for Saudi Arabia and the GCC, employs more than 500 people. It was founded in Riyadh in 2020 by serial entrepreneur Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Al Babtain and has offices in the UAE, Egypt, Germany, and Vietnam.
Tamara works with over 26,000 merchants, including brands like SHEIN, Noon, Ikea, and Farfetch, among others, and has over 9 million users.
Tamara is backed by Sanabil Investments, a financial investment company by Saudi Arabia's Public Investment Fund (PIF), along with Checkout.com, Coatue, Shorooq Partners, and Endeavor Catalyst, among others.
Last year, Tamara raised $340 million in a financing round that values the fintech at $1 billion, making it the first Saudi fintech unicorn startup.
In August 2022, Tamara raised a $100 million Series B equity round led by Sanabil Investments. In April 2021, it raised $110 million in a Series A round led by Checkout.com, following a $6 million seed funding round in January 2021.