Tribal Credit named to the 2022 CB Insights’ Fintech 250 List

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Tribal offers a 360° financial digital solution to enable the growth of businesses in emerging markets, facilitating access to a variety of payment methods, including Visa business credit cards, international wire transfers, and an expense management platform.

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NEW YORK, October 5, 2022 -- CB Insights today named Tribal Credit in its fifth-annual Fintech 250 ranking, showcasing the 250 most promising private fintech companies of 2022.

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"This year’s Fintech 250 winners are shaping the future of financial services, from payments and banking to investing and insurance,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “Representing more than 30 countries, these companies are creating safer and more efficient payment methods and transforming how traditional banking, insurance, and investing products are delivered. Together, they not only make financial services more convenient for users, but also make them available to more people, especially traditionally underserved populations around the globe.”

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“Although we measure success by the SME customers we've been able to help, it is an honor and milestone to be included on the 2022 CB Insights' Fintech 250 list”, said Duane Good, President and Co-Founder of Tribal Credit. “Our inclusion in this elite group acknowledges the passion, creativity, and efforts of all our colleagues at Tribal who strive every day to empower businesses in different stages of growth with the modern financial tools they need to succeed in a fast-paced global market”.

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Utilizing the CB Insights platform, the research team selected these 250 winners from a pool of over 12,500 private companies, including applicants and nominees. They were chosen based on factors including R&D activity, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed over 2,000 of Analyst Briefings submitted by applicants.

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Tribal unlocks opportunities for businesses by building financial products that provide access to credit and payment rails on top of a rich, smart digital expense management platform - giving them transparency, control, and efficiency in their operations. This enables Tribal clients to respond swiftly to the needs of their business and focus on growth.

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Quick facts on the 2022 Fintech 250:

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• Equity funding and deals: The Fintech 250 cohort has raised over $115B in equity funding across over 1,100 deals since the start of 2017 (as of 9/20/2022). In 2021 alone, winners raised over $51B across 337 equity deals.

• Unicorns: There are 159 companies with $1B+ valuations on the list.

• Global Reach: Globalization is a key theme for this year’s Fintech 250. The winners represent 33 different countries across the globe - 7 more than last year. Just over half (53%) of the selected companies are headquartered in the US, which is the fewest we’ve seen in the Fintech 250 since 2017. The UK came in second with 31 winners (12%), followed by India with 14 (6%), Brazil with 9 (4%), and Germany with 7 (3%).

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About CB Insights

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CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.

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Contact:

chris.orlando@cbinsights.com

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About Tribal:

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Tribal is a 360° financial solution created for SMEs looking for a better way to pay their business expenses and optimize their financial management. This San Francisco-based company offers modern financial solutions, such as Visa corporate cards in multiple currencies, both virtual and physical, as well as a powerful expense management platform to track and control expenses, all in a single interface. With serial entrepreneurs, data scientists, and fintech executives among its founders, Tribal is on a mission to drive the growth of SMEs in emerging markets to close the financial inclusion gap in business. Tribal recently won the Best Banking Card Product Award at the 2021 Challengers Awards from renowned publication Tearsheet. More information: www.tribal.credit

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Contact:

fernando.sosa@tribal.credit