• About Us
  • Partners
  • Submit an Article
  • Contact Us
  • Privacy Policy
  • Terms of Use
Saturday, July 5, 2025
Digital Boom
  • News
  • Startups
  • Marketing
    • Digital Advertising
    • Insights
  • Campaigns
  • Tech
  • Guides
  • Market Watch
  • More
    • Careers
    • Ramadan Specials
    • Culture
    • Travel
    • Glossary
    • Apple Updates
    • Facebook Marketing Hub
    • Markets
No Result
View All Result
  • News
  • Startups
  • Marketing
    • Digital Advertising
    • Insights
  • Campaigns
  • Tech
  • Guides
  • Market Watch
  • More
    • 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

by Editorial Team
December 5, 2019
10
tribal credit logo, Amr Shady tribal credit, Silicon Valley’s Tribal Credit Raises $5.5M in Seed Funding to Bank Startups

Tribal Credit logo

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).

Share34Tweet21Share6

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

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

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

2 days ago
Germany Begins Government-Wide Exit from Microsoft Software
News

Germany Begins Government-Wide Exit from Microsoft Software

3 weeks ago
Woman smiling peacefully in therapy chair after AI financial counseling session, representing emotional healing from money stress through Custom Money platform
Tech

Custom Money: AI Financial Therapy Tackles Emotional Spending

4 weeks ago
Uber Launches 'Uber One' Subscription in Egypt
Tech

Uber Launches ‘Uber One’ Subscription in Egypt

1 month ago
Builder.ai Ceases Operations After $1.3 Billion Valuation Collapse
News

Builder.ai Shuts Down After Layoffs and Investor Pullout

1 month ago
Thndr Raises $15.7M to Expand into Wealth Management in MENA
Startups

Thndr Raises $15.7M to Expand into Wealth Management in MENA

1 month ago
SEO Specialist Job Description: Roles, Skills & Hiring Guide 2025

SEO Specialist Job Description: Roles, Skills & Hiring Guide 2025

July 5, 2025
Maha Nagy Orange, Vodafone, Pepsi, Egypt

Maha Nagy: From Vodafone to Orange, Transforming Egypt’s Telecom Marketing

July 4, 2025
Amr Diab’s 2025 Album: Orange Sponsorship, Apple Music Comeback

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

July 3, 2025 - Updated on July 5, 2025
The Complete Guide to Marketing Attribution in 2025: Advanced Models, MENA Insights & Server-Side Implementation

Marketing Attribution Guide for MENA Marketers

June 25, 2025 - Updated on July 1, 2025
What Is Conversion Rate? Definition, Formula & Benchmarks

What Is Conversion Rate? Definition, Formula & Benchmarks

June 25, 2025 - Updated on June 27, 2025
How to deactivate or delete your Snapchat account?

Delete Snapchat Account (Step-by-Step 2025)

June 25, 2025 - Updated on July 5, 2025
  • About Us
  • 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
  • News
  • Startups
  • Marketing
    • Digital Advertising
    • Insights
  • Campaigns
  • Tech
  • Guides
  • Market Watch
  • More
    • Careers
    • Ramadan Specials
    • Culture
    • Travel
    • Glossary
    • Apple Updates
    • Facebook Marketing Hub
    • Markets

© 2025 Digital Boom, Inc.