The round also saw participation from Coinbase Ventures as well as existing investors BECO Capital, QED Investors and Rising Tide.
Tribal is a B2B payments and financing platform for emerging markets. It initially launched its beta spend management platform to enterprise customers in December 2019.
Tribal chief strategy officer Mohamed Elkasstawi says: “At the intersection of crypto, credit, and payments, there are amazing opportunities for fintechs in emerging markets.”
Much of the Series B cash will be spent supporting the firm’s rapid growth across Latin America, building out its local teams in Brazil, Mexico, Colombia, Peru and Chile.
