Tribal to raise hybrid debt for LatAm expansion

Tribal to raise hybrid debt for LatAm expansion

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US financial technology firm Tribal Credit could raise up to $100 million in debt this year, including in asset-backed cryptocurrencies, to fund its expansion plans in Latin America, co-founder and chief strategy officer Mohamed Elkasstawi told LatinFinance on Friday. "We are actually the first to do a hybrid debt round with crypto, or stablecoins, and fiat [money]," Elkasstawi said, adding that cryptocurrencies offer quicker access to capital. Tribal completed a $40 million debt round on Friday

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