The Stellar Development Foundation invested $3 million in Tribal Credit, a fintech platform serving SMEs in emerging markets. Tribal will build blockchain products on Stellar to provide faster, cheaper cross-border payments and banking services across Latin America.
The Stellar Development Foundation announced a $3 million investment in Tribal Credit as part of its Enterprise Fund, supporting the fintech platform's integration onto the Stellar network. Tribal Credit, which recently raised $34.3 million in Series A and debt funding, provides payment solutions and financial services for digital-first SMEs in emerging markets, starting with Mexico. The investment will enable Tribal to develop Stellar-powered products including cross-border payments, credit card settlement, and other blockchain-based features. SDF CEO Denelle Dixon emphasized the alignment with Stellar's mission of financial inclusion, noting the partnership will expand the network while creating opportunities for businesses and developers. With approximately 62 million SMEs in Latin America, Tribal Credit aims to bridge the financial inclusion gap in payments and financing.