Tribal provides a financial platform for small and medium-sized enterprises (SMEs) in emerging markets, offering corporate cards, on-demand revolving financing, and seamless local and international payment solutions. The platform addresses the inefficiencies of traditional banking systems, enabling SMEs to manage their financial operations with advanced controls, analytics, and hassle-free foreign exchange transactions.
Funding
$150M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PFFounders
Product
Problem
Small and medium-sized enterprises (SMEs) in emerging markets face challenges due to inefficient traditional banking systems, including difficulties in accessing financing, managing international payments, and controlling financial operations. These businesses often struggle with complex processes for opening bank accounts, obtaining business credit cards, and executing foreign exchange transactions.
Solution
Tribal provides a financial platform designed specifically for SMEs in emerging markets, offering a suite of tools to streamline financial operations. The platform includes corporate credit cards with advanced controls, on-demand revolving financing for up to 90 days, and Tribal Pay, a solution for seamless local and international payments available 24/7. By addressing the gap between traditional banking services and the needs of growing businesses, Tribal empowers SMEs to manage their finances more effectively, access working capital, and take advantage of global opportunities. The platform also provides spend reports and advanced analytics for better financial insights.
Target Audience
Tribal's primary customers are small and medium-sized enterprises (SMEs) operating in emerging markets, specifically those seeking efficient financial solutions beyond traditional banking.
Features
- Corporate credit cards: Unlimited virtual and physical cards powered by VISA.
- On-demand revolving financing: Access to working capital financing for 30-90 day terms.
- FX Transfers: Facilitates international money transfers.
- Tribal Pay: Enables local and international payments 24/7.
- Advanced controls: User roles and policies for monitoring and control.
- Spend reports & Advanced Analytics: Provides insights into spending patterns.