# Tribal Credit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tribal-credit

- Industry: Software
- Headquarters: San Jose, US
- Website: www.tribal.credit
- Total disclosed funding: $69M
- Latest round: Series B (Feb 3, 2022)
- Investors on record: 16

## About

Tribal Credit, based in the US, specializes in providing innovative financial solutions tailored for small and medium-sized enterprises (SMEs), focusing on enhancing operational efficiency and global transaction capabilities.Founded in 2016 in San Jose, US, Tribal Credit offers a range of financial products designed specifically for SMEs. The company was co-founded by Bill Crawley and Duane Good, with Amr Shady serving as the CEO. In December 2024, Tribal Credit was acquired by Klar S.A. de C.V., a portfolio company of multiple investors including General Atlantic and Western Technology Investment. As of the latest round, Tribal Credit has raised a total of USD 60.00 mn, securing USD 150.00 mn in a VENTURE DEBT round led by Partners for Growth.Tribal Credit provides a suite of financial products aimed at SMEs, including Tribal Pay for international payments, corporate credit cards allowing for unlimited virtual and physical card issuance, and cash management solutions such as Receipt Management and Expense Management dashboards. These products are focused on addressing the operational needs of SMEs, particularly in emerging markets across Latin America and the Middle East.Tribal Credit generates revenue from transaction fees and service charges associated with its financial products. Fees are incurred when SMEs utilize Tribal Pay for international transactions and through corporate credit card management. The company’s revenue model aligns with the financial needs of SMEs, particularly in expanding markets like Saudi Arabia and Latin America.Tribal Credit is looking to enhance its product offerings with upcoming features designed for better financial management and transaction efficiency. The company plans to expand into additional markets in Latin America and the Middle East by leveraging its latest funding round, which will support product development and market entry strategies. The acquisition by Klar S.A. de C.V. is expected to facilitate these expansion efforts and strengthen its operational capabilities.

## Funding rounds

- Series B, Feb 3, 2022, $60M — QED Investors, Rising Tide, BECO Capital, Coinbase Ventures, Softbank Latin America Ventures
- Series A, Feb 9, 2021 — Partners for Growth, QED Investors, Endeavor Catalyst, BECO Capital, Endure Capital, Off The Grid Ventures, Global Ventures
- Seed, Dec 1, 2019, $5.5M — 500 Global, Rising Tide, BECO Capital, Endure Capital, Riseup Networks, Off The Grid Ventures, AR Ventures, Tribe Capital, Global Ventures, Valve Ventures
- Seed, Jul 1, 2019, $1.2M — 500 Global, BECO Capital
- Seed, Mar 1, 2019, $0.8M — Silicon Valley Bank, BECO Capital
- Seed, Apr 2, 2018, $0.7M — Silicon Valley Bank, BECO Capital, Off The Grid Ventures
- Seed, Sep 22, 2016, $0.8M — 500 Global, Endure Capital

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Endure Capital (https://capitalatlas.ai/funds/endure-capital) — Seed, Series A
- Silicon Valley Bank — Seed
- BECO Capital (https://capitalatlas.ai/funds/beco-capital) — Seed, Series A, Series B
- Off The Grid Ventures (https://capitalatlas.ai/funds/off-the-grid-ventures) — Seed, Series A
- Rising Tide — Seed, Series B
- Riseup Networks — Seed
- AR Ventures (https://capitalatlas.ai/funds/ar-ventures) — Seed
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed
- Global Ventures (https://capitalatlas.ai/funds/global-ventures) — Seed, Series A
- Valve Ventures — Seed
- Partners for Growth — Series A
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series A, Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series B
- Softbank Latin America Ventures (https://capitalatlas.ai/funds/softbank-latin-america-ventures) — Series B