TRiBL
TRiBL is a Web3 community moneypooling platform focused on building wealth for Black and Brown communities in the United States.
Website: https://jointribl.com/
HQ: Atlanta, Georgia, United States
Active Markets: Global
Problem Addressed
Traditional investment models often operate in silos, limiting the potential for community-driven financial growth. Historically, Black and Brown communities have been excluded from wealth generation opportunities.
Project Description
TRiBL aims to revolutionize community building by offering blockchain-based fractionalized ownership and collectively built wealth through NFTs and cryptocurrencies. Through their mobile application, users can create, manage, and participate in investment clubs or syndicates, intending to democratize the investment process and foster a sense of unity and shared purpose among community members. Users of the platform collectively pool funds through multi-sig wallet, enabling access to private market investments.
Business Data
Status: Active
Constituency Served: Small business owners, historically excluded groups, creators/artists, builders, investors
Networks: Ethereum
Known Investors: Techstars
Additional References: N/a
Progress to date
In June 2021, TRiBL announced a partnership with Visa, joining the company’s FinTech Fast Track program. This partnership allowed TRiBL to add Visa’s global payments network functionality to their digital wallet.
Business Model
TRiBL takes transaction fees and offer subscription models to sustain their business.
Traction
Isusu, one of the first projects to raise on TRiBL, was able to raise $130 million at a $1 billion valuation.