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Venture Capital News: Tribal Inks $60M in Oversubscribed Series B

2022-02-04
SAN FRANCISCO, CA, Tribal, a B2B payments and financing platform, has raised $60M in Series B funding led by SoftBank Latin America Fund.
Tribal, a B2B payments and financing platform for emerging markets, has raised $60M in Series B funding led by SoftBank Latin America Fund.

Coinbase Ventures also joined the round, which saw participation from existing investors BECO Capital, QED Investors, and Rising Tide. In addition to the $60M Series B, secondary shares were tapped into to add high-value crypto and strategic investors: Circle Ventures, AGE Fund, Third Prime, Canas Capital, and Acuity Ventures.

Tribal Credit is a fintech company built for emerging-market SMEs looking for a better way to pay business expenses and optimize their financial management. The San Francisco-based startup provides modern payment methods like multi-currency physical and virtual business Visa cards and a powerful spend management platform to track and control expenses-all in one seamless interface.
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