Fintech Tribal expands into Colombia, Peru, and Chile

Tribal, a Mexican fintech, has launched operations in three new countries as it increases its presence across Latin America. The fintech’s credit cards are now available in Colombia, Peru, and Chile. 

Tribal is a B2B fintech for SMEs that provides companies with access to funds with its credit card solution. The startup is actively supporting the growth of SMEs that are traditionally underbanked with its credit solution. 

Companies complete an online form that analyzes spending, business model, and financial situation to asses their suitability.

The startup previously raised a $34M Series A funding round led by QED Investors and PFG and has big plans for expansion in the region. The startup already counts companies such as Frubana and Ben & Frank amongst its client base. 

Tribal is already operating in Colombia and plans to launch in Chile and Peru within the first few months of 2022.

Read more on Forbes.

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