San Francisco based business credit cards for emerging markets raised a $5.5m seed round led by BECO Capital and Global Ventures.
Around 200 million SMEs in emerging economies lack access to formal savings and credit, which often restrict or slow startup growth. Strict banking regulations often limit or make difficult the opening of business bank accounts, obtaining credit cards, and making cross-border payments.
https://www.wamda.com/2019/12/global-ventures-beco-capital-invest-tribal-credit