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Saudi fintech Tamara raises $110M in record Series A

• gher-shyu3i 6y ago
  > According to its website, Tamara’s services are Shariah-compliant as the customers don’t have to pay any interest or fee for using it. The money comes in from merchants who have to pay a fee for using its services. They’re willing to pay the fee as it helps them increase their sales; while also serving as a decent alternative to Cash on Delivery (COD). This is proof that a usury-free lending model works.