San Francisco based financial services company for SMEs in emerging markets raised $34.3m in combined Series A and debt funding led by QED Investors and Partners for Growth.
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Tribal Credit raises $34.3 million in combined Series A and debt funding
“We’ve seen more demand for making B2B online payments amidst the ongoing COVID-19 pandemic, with many SMEs migrating to digital and spending more on online products and services,” Shady told TechCrunch. “Companies in this new economy are digital and global first. The need for a corporate card was accelerated. As card spend grew during the pandemic, this meant greater liability on founders’ using their personal cards, or other competing cards linked to their personal credit.”
