<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Saudi Arabia-based Tamara, a BNPL service provider, and UK-based Uqudo, a digital identity verification platform, have partnered to enhance privacy and security on digital transactions.
      </p>
    </li>
    <li>
      <p>
        Founded in 2018, Uqudo offers digital identity verification services, including OCR, NFC, facial recognition and liveness, and tampering detection focused on various businesses within verticals, including FinTech, crypto, banking, and telecommunications across the Middle East and Africa region.
      </p>
    </li>
    <li>
      <p>
        Through this partnership, Tamara plans to integrate Uqudo's identity verification technology into Tamara's platform offering customers enhanced privacy and security on BNPL transactions.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        Today&rsquo;s partnership news comes nearly a month after Tamara 
        <a href="https://sp-edge.com/updates/25271">
          partnered with Paymob
        </a>
         to offer an integrated installment payment processing solution for merchants in the Gulf Cooperation Council (GCC) region and within three months of raising USD 340 million in a 
        <a href="https://sp-edge.com/updates/25002">
          Series C funding
        </a>
         to expand product offerings for broader banking opportunities in GCC region.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://ibsintelligence.com/ibsi-news/uqudo-tamara-to-enhance-identity-verification-in-bnpl-transactions/">
      IBS Intelligence
    </a>
  </p>
  <p>
    <a href="https://www.finextra.com/pressarticle/99901/uqudo-and-tamara-join-forces-to-revolutionize-identity-verification-in-bnpl-transactions?utm_medium=rssfinextra&amp;utm_source=finextrafeed">
      Finextra
    </a>
  </p>
  <p>
  </p>
</div>


Buy Now, Pay Later

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>

<p>Saudi Arabia's Buy Now Pay Later (BNPL) service provider, Tamara, has formed a partnership with UK-based digital identity verification platform, Uqudo. This collaboration aims to enhance privacy and security during digital transactions.</p>
<p>Uqudo was established in 2018 and provides digital identity verification services such as Optical Character Recognition (OCR), Near Field Communication (NFC), facial recognition, liveness and tampering detection. These services are used by various businesses within numerous sectors such as FinTech, cryptocurrency, banking and telecommunications across the Middle East and Africa region.</p>
<p>With this partnership, Tamara intends to incorporate Uqudo's identity verification technology into its own platform. This will offer customers improved privacy and security during BNPL transactions.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> Today’s partnership news comes nearly a month after Tamara <a href="https:<br>
//sp-edge.com/updates/25271"> partnered with Paymob </a> to offer an integrated installment payment processing solution for merchants in the Gulf Cooperation Council (GCC) region and within three months of raising USD 340 million in a <a href="https:<br>
//sp-edge.com/updates/25002"> Series C funding </a> to expand product offerings for broader banking opportunities in GCC region.</p>

Tamara partners with Uqodo to strengthen platform security

<div>
 <p>Saudi Arabia's Tamara, a Buy Now Pay Later (BNPL) service, and Egypt's Paymob, a payment gateway service, are partnering to integrate their offerings. The partnership will allow Gulf Cooperation Council (GCC) region customers to make installment payments easily. Established in 2015, Paymob provides digital payment gateways for businesses. The combined solution will simplify payment processes for SMEs, with a focus on Saudi Arabia and UAE markets initially. It allows payments in four, interest-free installments. Tamara and Paymob have nine million users and 250,000 merchants respectively in the Middle East.</p>
</div> <p><b>Analyst QuickTake: </b> Today’s partnership announcement comes nearly three weeks after the company raised USD 340 million in <a href="https://sp-edge.com/updates/25002"> Series C funding </a> with post-money valuation of USD 1 billion to expand its product offerings and services focused within the banking sector in Saudi Arabia and across the GCC region.&nbsp;</p>

Tamara partners with Paymob to expand product reach across GCC region

<div>
<p>Saudi fintech startup Tamara has raised USD 340 million in a Series C funding round co-led by SNB Capital and Sanabil Investments. Valued at USD 1 billion, the company aims to use these funds to broaden its product offerings and services inside the Saudi and GCC banking sectors. Consummating a growth trajectory that began in 2020, Tamara has registered a six-fold annual revenue growth, making it Saudi Arabia's first native fintech unicorn. Currently, it has more than 10 million users and over 30,000 partner merchants.</p>
</div>

Tamara raises USD 340 million in Series C funding to expand product offerings

DISRUPTOR_PRESENT

<div>
 
 <ul>
  <li><p>Saudi Arabia-based Tamara has secured up to USD 250 million in debt financing from Goldman Sachs and Shorooq Partners. It comprises an incremental debt financing of USD 200 million of senior debt provided by Goldman Sachs (bringing its senior warehouse facility up to USD 350 million) and USD 50 million mezzanine tranche led by Shorooq Partners, which brings the total warehouse facility up to USD 400 million.</p></li>
  <li><p>The company plans to utilize the funds to service its growing BNPL product demand and invest in developing new products and services.</p></li>
  <li><p>Tamara currently has more than nine million users, with over 26,000 merchant partners of global and regional brands, such as SHEIN, Jarir, Noon, Ikea, H&amp;M, and Farfetch. The company has over 500 employees and operates in Saudi Arabia, UAE, Egypt, Germany, and Vietnam.</p></li>
 </ul>
 
</div> <p><b>Analyst QuickTake: </b> Tamara’s funding announcement comes nearly four months after it <a href="https://sp-edge.com/updates/19954"> secured a permit </a> to operate its flexible payment services from the Saudi Central Bank, and eight months after the company <a href="https://sp-edge.com/updates/17139"> secured USD 150 million </a> in debt financing from Goldman Sachs.</p>

All Updates

Tamara partners with Uqodo to strengthen platform security

Tamara partners with Paymob to expand product reach across GCC region

Tamara raises USD 340 million in Series C funding to expand product offerings

Tamara secures up to USD 250 million in debt financing from Goldman Sachs and Shorooq Partners

Tamara secures permit from Saudi Central Bank to operate payment services

Saudi Arabian BNPL platform Tamara raises USD 150 million in debt financing from Goldman Sachs

Tamara raises USD 100 million in Series B funding