SDF invested $3 million in Tribal Credit, a fintech platform building blockchain products on Stellar to provide banking and cross-border payment services to SMEs in Latin America and emerging markets.
The Stellar Development Foundation announced a $3 million Enterprise Fund investment in Tribal Credit, a US-based fintech serving digital-first SMEs in emerging markets. Tribal Credit will use the funding to advance blockchain products built on Stellar, focusing on faster and more cost-effective cross-border payments and banking solutions for businesses in Latin America. The investment is part of Tribal's larger $34.3 million Series A and debt round led by QED Investors and Partners for Growth. By integrating with Stellar's network of anchors and digital assets, Tribal aims to deliver innovative payment features to underserved markets, with Mexico as an initial focus. This marks SDF's fourth Enterprise Fund investment in fiscal 2021, bringing the year's total to $9.5 million.
