The San Francisco-based company Tribal Credit announced the acquisition of the Mexican B2B global bill payment platform Paykii. Tribal offers 360° digital financial solutions for businesses in emerging markets.
Paykii is a cloud-based bill payment network. It enables financial institutions to provide their customers the ability to manage and pay bills seamlessly in any country.
Thanks to this deal, Tribal customers will now be able to manage all their recurring bills in a more secure and effective way. Moreover, Tribal will now provide a domestic and cross-border bill payment management service to not only financial institutions but also SMEs and billers worldwide.
“With this acquisition, Tribal will strengthen its payments options for companies, allowing them to manage all their payments on one powerful and friendly-use platform,” Amr Shady, CEO, and cofounder of Tribal explained.
Paykii’s founders and leaders, Fabian Saide, Nelson Irizarry, Daniel Barragan, among others, joined Tribal’s Global Leadership Team. According to Fabián Saide, former Paykii CEO and Founder:
“We are very excited to be part of Tribal Credit, so they can bring best-in-class bill payment capabilities to their client base. I am excited about this acquisition as Paykii adds perfectly to Tribal’s vision to empower businesses and customers around the world with state-of-the-art payment solutions.”
Read more on Tribal’s press release.