• Digital Boom
  • About Us
  • Team
  • Partners
  • Submit an Article
  • Contact Us
  • Privacy Policy
  • Terms of Use
Tuesday, October 14, 2025
  • Login
Digital Boom
  • Home
  • News
  • Startups
  • Marketing
    • Digital Advertising
    • Insights
    • Social Media
  • Campaigns
  • Tech
  • Guides
  • More
    • Market Watch
    • Careers
    • Ramadan Specials
    • Culture
    • Travel
    • Glossary
    • Apple Updates
    • Facebook Marketing Hub
    • Markets
No Result
View All Result
  • Home
  • News
  • Startups
  • Marketing
    • Digital Advertising
    • Insights
    • Social Media
  • Campaigns
  • Tech
  • Guides
  • More
    • Market Watch
    • Careers
    • Ramadan Specials
    • Culture
    • Travel
    • Glossary
    • Apple Updates
    • Facebook Marketing Hub
    • Markets
No Result
View All Result
Digital Boom
No Result
View All Result
Home News

Silicon Valley’s Tribal Credit Raises $5.5M in Seed Funding to Bank Startups

Editorial Team by Editorial Team
December 5, 2019
in News, Startups, Tech
Reading Time: 2 mins read
tribal credit logo, Amr Shady tribal credit, Silicon Valley’s Tribal Credit Raises $5.5M in Seed Funding to Bank Startups

Tribal Credit logo

3
VIEWS
Share on FacebookShare on Twitter

Tribal Credit closed a $5.5 million Seed round led by BECO Capital and Global Ventures to bank startups in emerging markets and help them break free from local financial barriers.

The fintech’s backers include Endure Capital, 500 Startups, Valve VC, AR Ventures, Off The Grid Ventures, Rising Tide Fund, RiseUp, and Tribe Capital.

Tribal Credit is a corporate credit card specially designed to meet the needs of emerging market startups. Using a proprietary AI-driven approval process and blockchain technology, the Silicon Valley-based fintech provides startups with instant access to credit and complete control over their spending.

“Tribal Credit will bring startups closer to the payment channels and capital they need to grow and scale, giving them access to banking services previously only available to large corporates,” said Amr Shady, CEO and Endeavor entrepreneur who previously founded TA Telecom.

Around 200 million SMEs in emerging economies lack access to formal savings and credit, which often restrict or slow startup growth. Strict banking regulations often limit or make difficult the opening of business bank accounts, obtaining credit cards, and making cross-border payments.

“Blockchain is key for achieving business financial inclusion in emerging markets,” said Mohamed Elkasstawi, Tribal Credit’s Chief Strategy Officer who is building the company’s blockchain infrastructure. Elkasstawi was also a founding partner at the blockchain investment firm, zk Capital.

Founded by serial entrepreneurs, data scientists and fintech execs who have built and led startups in both emerging markets and Silicon Valley, Tribal Credit aspires to bridge the business financial inclusion gap between the two.

The executive team includes Duane Good, former HSBC EVP, and founding member of eCapital Financial and MBNA International. Bill Crawley of IBM, iSON Technologies, and Net2Phone. Mark Graves of Marqeta Inc., Silicon Valley Bank, and the Financial Industry Regulatory Authority (FINRA).

Join Our Community

Editorial Team

Editorial Team

The Digital Boom Staff Writer covers breaking news, platform updates, and stories curated by our editorial team. This byline is used for collaborative content, press releases, and updates that reflect the voice of the newsroom rather than a single contributor.

Related Stories

WHX Dubai Survey Spotlights Altibbi, Vezeeta in Middle East Digital Health Future

WHX Dubai Survey Spotlights Altibbi, Vezeeta in Middle East Digital Health Future

September 9, 2025
121
Intella secures $12.5M to scale Arabic-first AI across MENA

Intella raises $12.5M Series A led by Prosus for Arabic AI dialects

September 9, 2025
146

OpenAI launches ChatGPT 5 with smarter reasoning for all users

YouTube Tightens Monetization Rules on AI-Generated Content

Amr Diab’s 2025 Album: Orange Sponsorship, Apple Music Comeback

Germany Begins Government-Wide Exit from Microsoft Software

  • Digital Boom
  • About Us
  • Team
  • Partners
  • Submit an Article
  • Contact Us
  • Privacy Policy
  • Terms of Use

© 2025 Digital Boom, Inc.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
  • Startups
  • Marketing
    • Digital Advertising
    • Insights
    • Social Media
  • Campaigns
  • Tech
  • Guides
  • More
    • Market Watch
    • Careers
    • Ramadan Specials
    • Culture
    • Travel
    • Glossary
    • Apple Updates
    • Facebook Marketing Hub
    • Markets

© 2025 Digital Boom, Inc.