November 9th, 2022.- Tribal Credit, a company that offers 360° digital financial solutions for businesses in emerging markets, acquired the Mexican B2B global bill payment platform, Paykii. This acquisition will continue to empower and catalyze SMB’s growth, and efficiency through a digital platform of payments, financing, and expense management.
"One of Tribal's main missions is to develop innovative technological solutions that can fulfill companies' needs in different stages of growth to thrive in the current connected and digital economy. Enabling Paykii's features in our platform will provide the capability for companies to save time in financial operations and continue to focus on the core of their business to grow" commented Amr Shady, CEO, and Co-Founder of Tribal. “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.”
Through Paykii’s solution, Tribal’s customers will soon be able to manage all their recurring bills from utilities, insurance, taxes, and many more in a simple, smarter, and secure way. Furthermore, with this technology, Tribal will be able to provide a domestic and cross-border bill pay management solution for thousands of Financial Institutions, Small, and Medium Businesses & Billers around the globe.
Founded in Monterrey, Mexico, in 2015, Paykii offers a financial services platform that has transformed the future of bill payments with a global footprint in over 28 markets, processing every month above 700k transactions.
"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” said Fabián Saide, former Paykii CEO and Founder.
Paykii’s internal team has joined Tribal, not only to collaborate in the integration of its solution to Tribal platform, they have been playing a key role in Tribal’s strategy development and operation. Paykii’s founders and leaders, Fabian Saide, Nelson Irizarry, Daniel Barragan, among others, joined Tribal Global Leadership Team, led by serial entrepreneurs, data scientists, and seasoned banking executives.
About Tribal Credit
Tribal is a payments and 360° financing solution using the latest emerging technologies to drive the growth of SMEs in emerging markets to close the financial inclusion gap in business. Tribal offers these SMBs access to modern payment methods like multi-currency Visa business credit cards, local and international wires, along with short-term financing, and a powerful spend management platform to track and control their expenses—all in one seamless interface. Tribal has raised an impressive amount of funding from the SoftBank Latin America Funds, QED Investors, BECO Capital, Stellar Development Foundation, and Coinbase Ventures, as well as additional crypto and strategic investors. Led by serial entrepreneurs, data scientists, and banking executives among its founders, the company is also among an elite group of companies chosen as part of the Visa FinTech Fast Track program, also recently won the Best Banking Card Product Award at the 2021 Challengers Awards from renowned publication Tearsheet and was included in the prestigious list Fintech 250 by CB Insights. Learn more at https://www.tribal.credit
Paykii is a cloud-based, global bill payment network with more than +15,000 utility providers in 28+ countries. A B2B2C platform that enables any financial institution to provide their customers the ability to manage and pay bills seamlessly in any country. An awarded technology, Paykii has been recognized as the largest rails of bill payment accessed through a single API. Led by a founding team and payment experts, Paykii brings more than 35 years of experience in global payments and financial inclusion combined with an entrepreneurial track record of success in both developed and emerging markets.