TRIBETECH PRIVATE LIMITED
Who is our client
Tribe is a FinTech company incubated by Intellecap and funded through Aavishkaar Venture Management Services, that offers a technology-enabled, online SME financing platform.
During the first phase, Tribe will use FMO's grant as seed capital for on-lending to underserved SMEs via the Small Business Finance Catalyst Fund (SBFCF). The credit analysis of these SMEs will be based on an aggregate of online and offline data points. The aim of the grant funding is twofold: to show that the SMEs are creditworthy based on alternative online and offline data points, and to catalyze financing from other Financial Institutions (FIs) on the Tribe platform.
Why we fund this project
We fund this project for several reasons: FMO's contribution is needed to start and proof the lending based on online and offline data points. This will allow Tribe to build a portfolio and to catalyze other FIs. The platform will bring valuable support to SMEs who are currently un- or underserved. The focus sectors (gender, agribusiness and energy) resonate well with FMO’s strategy as the involvement with Tribe provides FMO with the opportunity to build and expand our knowledge on fintech companies.
- Financial Institutions
- Signing date
- Total FMO financing
- EUR 0.18 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)