Tribal Raises $40M in Crypto-TradFi Debt Round to Power Payments, Financing for LatAm SMBs

Capria on

January 6, 2022

Tribal, a B2B payment and financing platform for emerging markets, raised a new debt round of $40 million.

The debt round is financed by Partners for Growth (PFG) and Stellar Development Foundation (SDF) to help Tribal expand its financing and payment services for small and medium-sized businesses (SMBs) to new countries in Latin America.

“This is one of the first hybrid debt rounds combining both fiat and stablecoins. It’s a sign of crypto crossing over into mainstream use and adoption,” said Amr Shady, CEO of Tribal.

The debt round closes at a moment of major development and momentum for Tribal, which has experienced more than 50x growth in LatAm since early 2021, serving customers in Mexico, Chile, Peru, Colombia, and Brazil.

Read the complete article on Tribal >

Liked the update?