Abdulmohsen Al Babtain, Co-Founder of Tamara, is a pivotal figure in the fintech industry of Saudi Arabia and the GCC. His visionary leadership has propelled Tamara to unprecedented heights, achieving a $1 billion valuation through a substantial $340 million Series C funding round. This round was notably led by SNB Capital and Sanabil Investments, marking Tamara as the first Saudi fintech unicorn startup. Since its establishment in late 2020, Tamara has impressively raised a total of $500 million in equity funding and secured over $400 million in debt financing, underscoring the confidence and support from the global investment community.
Abdulmohsen's strategic acumen has steered Tamara beyond its initial Buy Now, Pay Later (BNPL) offerings to a comprehensive suite of shopping, payments, and banking services, catering to the evolving needs of over 10 million users and 30,000 partner merchants. His commitment to ethical finance is evident in Tamara's adherence to Sharia principles and its customer-first approach, such as the elimination of late payment fees to enhance transparency and trust.
Through Abdulmohsen's leadership, Tamara is not only transforming the fintech landscape but also significantly contributing to the realization of Saudi Arabia's Vision 2030 by fostering a robust fintech ecosystem. At the LBS conference, Abdulmohsen will delve into the intricacies of scaling a fintech startup in a dynamic market, sharing the challenges, milestones, and his forward-looking vision for integrating digital finance into everyday life, both regionally and globally.
Abdulmohsen holds a Master's degree from the London Business School and a Bachelor's degree in Electrical Engineering from King Fahd University of Petroleum and Minerals.