Real-world asset protocol Tribal Finance goes live!

Real-world-asset protocol Tribal Finance announces the launch of its first lending pools. Offering USDC yields up to 14%, these inaugural pools are funding Tribal Credit’s credit lines for Small and Medium Enterprises (SMEs) in Latin America and the Middle East, addressing a critical financing gap in emerging markets. Tribal Finance has previously raised from the likes of Coinbase Ventures, Circle Ventures, Shima Capital, and others.

Tribal Finance is at the forefront of connecting global investors with fully-collateralized lending opportunities, underwritten by best-in-class fintech companies. By leveraging blockchain technology, Tribal Finance introduces a novel approach to financing, providing fintechs in developing economies with the much-needed capital for growth and expansion.

Tribal Credit, the first borrower on the Tribal Finance protocol, has originated over $900MM loans to SMEs in emerging markets.

“Tribal Finance is a game changer for fintechs,” said Amr Shady, CEO of Tribal Credit, “It enables secure, low-friction connections with global credit investors, helping us to deploy capital more efficiently and transparently.”

Tribal Finance is dedicated to developing regulated, compliant investment vehicles on public blockchains. This commitment allows global investors to access a previously untapped market with confidence and ease. Central to Tribal Finance’s offering are tokenized legal frameworks, a breakthrough that ensures compliance and legal protections alongside every transaction. These features, coupled with embedded credit enhancements, including first loss capital and structured waterfall mechanisms, positions Tribal Finance as a leader in blockchain-based collateralized lending.

Furthermore, the protocol ensures that both lenders and borrowers meet stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, underscoring Tribal Finance’s dedication to legal compliance.

With its launch, Tribal Finance is set to transform the landscape of fintech debt financing around the developing world, bringing the benefits of blockchain technology to real-world assets. This initiative marks a significant stride in bridging the gap between traditional finance and the burgeoning world of digital assets.

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About Tribal Finance

Tribal Finance is an open, borderless credit investment platform for the global economy. Tribal Finance connects institutional investors with attractive, risk-adjusted lending opportunities underwritten and serviced by fintechs with local market expertise. Tribal Finance deals are executed via open-source Ethereum smart contracts and fully collateralized through bankruptcy-remote legal structures, enabling secure, sustainable economic interactions between all participants.

About Tribal Credit

Tribal Credit is an early contributor to Tribal Finance. Tribal Credit is a payments and 360° financing solution for emerging market businesses at all different stages of growth. Through a seamless customer interface, Tribal Credit offers access to short-term financing, Visa-branded corporate cards and other modern payment methods, and a powerful expense management platform​. Since its founding in 2019, Tribal Credit has processed hundreds of millions of dollars in Gross Transaction Volume (GTV), while maintaining minimal losses using proprietary underwriting models. In 2022, Tribal Credit launched the first blockchain-based rewards program for emerging market businesses, using the Tribal Token (TRIBL) to deliver powerful customer rewards.

Disclaimer

Tribal Finance is a technology services provider. The use of the Tribal Finance protocol involves inherent risks, including but not limited to the potential loss of digital assets or the possible diminution of their value. Prior to utilizing the Tribal Finance protocol, it is essential that you thoroughly review our documentation to ensure a comprehensive understanding of how the protocol functions. As outlined in our Terms, the Tribal Finance protocol is provided on an “as is” and “as available” basis, and all usage is undertaken at your own risk. We explicitly disclaim any representation or warranties of any kind relating to the protocol, and no developer or entity shall be held liable for any claims or damages of any nature associated with the use or inability to use the protocol. Tribal Finance is not engaged in the offer, sale, solicitation of offers to purchase or trading of securities and this announcement is not an offer, sale or solicitation of an offer to purchase any digital asset that is, may be or may become related to our protocol . Holding, lending, or borrowing digital assets carries a substantial degree of risk, including the possibility of complete loss. The information presented on this website is intended solely for informational purposes. Although Tribal Finance strives to ensure the accuracy of the provided information, certain communications may not reflect the most up-to-date details, and we cannot guarantee that all content is consistently updated, complete, reliable, or accurate.