Tribal

Tribal is a crypto-focused enterprise payment platform built for emerging-market SMEs looking for a better way to pay business expenses and optimize their financial management.

Tribal provides modern payment methods like multi-currency physical and virtual business Visa cards and a powerful spend management platform to track and control expenses—all in one seamless interface.

Tribal Credit was co-founded in 2016 by Egyptian entrepreneurs, Amr Shady and Mohamed Elkasstawi. The company is based in San Francisco, California.

 

Tribal uses a proprietary AI-driven approval process to not only provides SMEs with virtual and physical corporate cards, but also offers a digital platform that allows founders and CFOs to give access to and manage the spend of their distributed teams.

 

Tribal also employs a cross-border payment system supported by cryptocurrency exchange Bitso that allows businesses to convert local currency to Stellar’s USDC stablecoin.

 

Tribal serves hundreds of customers in Mexico, including Minu, payroll advances startup; Fairplay, e-commerce financing platform; SLM, leading tech solutions company in LatAm; Ben & Frank, online optical store and one of the top e-commerce companies in the country.

 

Tribal is backed by QED Investors, SoftBank Latin America Fund, Partners for Growth, Coinbase Ventures, BECO Capital, Stellar Development Foundation (SDF), Endeavor Catalyst, Global Ventures, Endure Capital, and others. The company raised $60M in Series B round on Feb 03, 2022. This brings Tribal's total funding to $142.1M to date.

 

 

  • Year founded: 2016
  • Funding Info: $142.1M over 5 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: San Francisco
  • State: California
  • Country: United States
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