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To underwrite and better serve startups in emerging markets in order to bridge the gap between the financial services offered and what startups really need.
294% employee growth in 12 months
Tribal Credit aims to solve the problem faced by startups in emerging economies, with difficulties in opening business bank accounts and obtaining credit cards. In some markets, such as the Middle East and North Africa, it can take months to establish these vital financial services, halting businesses until the problem is solved. Tribal Credit enables small businesses to quickly set up the ability to make credit card payments and make cross-border payments.
With the global move to remote and hybrid working, spending on digital tools has increased and so by using Tribal’s services, small businesses can more easily keep control of card spendings, and reduce personal liability from using private cards for business purchases.
Where Tribal stands out is with its ease and speed of application. There is no requirement for personal or company credit history, online application is simple and approval is fast. Once approved, the business can instantly issue and use virtual credit cards.
Kirsty
Company Specialist at Welcome to the Jungle
Apr 2022
$41m
LATE VC
Feb 2022
$60m
SERIES B
This company has top investors
Amr Shady
(CEO)Amr has two decades of experience, building and scaling startups. Amr co-founded Tribal Credit, a spin-off from their NYU research on using AI to predict startup success at inception. Amr is a former board member of Endeavor and TechWadi, two non-profits advancing entrepreneurship in the MENA region and the world.
Duane Good
(President)Duane has over 25 years of experience in cards, fintech, banking operations, and risk management across global financial markets. There were previously Managing Partner at RiskThought, a provider of strategic solutions for leading financial institutions. Duane also served as Executive Vice President at HSBC in COO and CIO roles and as Vice President of Decision Analytics at Experian. Duane was a founding member of eCapital Financial, MBNA International Bank, and MBNA Canada Bank.
Mohamed Elkasstawi
(Chief Strategy Officer)Prior to Tribal, Mohamed founded ZK Capital, a research-focused blockchain investment firm that invests in and mentors startups using the technology. They co-invested with Sequoia, USV, Coinbase VC, and Pantera in pioneering blockchain projects like Filecoin, bloXroute, Blockstack, Nervos, and others.