GLOBAL: Tenami Capital has exited its inaugural revenue-based investment, which was for digital gift card marketplace YOUGotaGift, and which generated an over 20% net internal rate of return for its investors within two years, said a press release.
Tenami’s investment applied the firm’s Shariah compliant non-dilutive, revenue-linked growth capital funding product, to provide additional working capital in support of YOUGotaGift’s regional expansion, particularly in Saudi Arabia.
Tenami made its second investment in fragrance and beauty e-commerce platform Golden Scent in July 2023.
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