Tribal, a B2B fintech platform for emerging markets, raised $40 million in debt funding from the Stellar Development Foundation and Partners for Growth, including $20 million in Stellar USDC to provide cheaper capital access to SMBs across Latin America.
Tribal, a San Francisco-based B2B financing and payments platform, closed a $40 million debt round split between the Stellar Development Foundation ($20 million in Stellar USDC) and venture debt firm Partners for Growth ($20 million in fiat). The funding will support Tribal's expansion across emerging markets, where SMBs face interest rates of 20-200% annually. Tribal provides payment services including business credit cards, short-term financing, and cross-border wires. The company plans to launch crypto-related products in 2022 and expand from its current markets (Mexico, Brazil, Chile, Colombia, Peru) into Argentina, Africa, Europe, and South Asia. SDF's investment underscores the potential of blockchain infrastructure to bridge crypto and traditional finance for financial inclusion.