The debt round is financed by Partners for Growth (PFG) and Stellar Development Foundation (SDF) to help Tribal expand its financing and payment services for small and medium-sized businesses (SMBs) to new countries in Latin America. This round will help Tribal fund receivables from their growing customer base in Mexico, Brazil, Chile, Colombia, and Peru.
The San Francisco-based company closed a combined Series A and debt round of USD 34.3 million in April 2021. As part of that investment, Tribal received USD 3 million from SDF to facilitate the development of blockchain products and to support integration onto the Stellar network.
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