We applaud Arjun Sethi, Chairman at Tribe Capital & Co-CEO at Kraken, and the team at Kapital on a bold move that puts them in a category of their own. Embracing transparency as a private startup as a global fintech leader, and demonstrating transparency equal trust when building a company fosters a stronger culture and relationship with employees and investor.
In a world where more and more companies stay private, transparency matters—especially for regulated businesses. When I shared Kraken Digital Asset Exchange metrics, it sparked a conversation among the companies in my portfolio at Tribe Capital. The question was: Why do this? And my response was simple—because we should and it keeps us accountable to our shareholders and our customers. Today, I’m proud to see some of the companies I’ve co-founded doing the same.
Highlights:
✅ Profitable since day one.
✅ We offer deposits, lending, expense management, taxes, payroll, and more. As a regulated bank in Mexico, operating in Colombia and Peru, we’ve built a platform that enables real innovation in financial services.
✅ Our unique approach—combining software with lending—lets us provide the best financial products to small and medium-sized businesses, giving them the tools they need to scale.
📊 Why this matters:
In emerging markets, small and medium businesses (SMBs) are the heartbeat of the economy. We’ve built something that truly serves them, and I’m excited to share some key numbers:
📈 Just shy of $200M in revenue.
🏦 $500M in deposits in Mexico.
💼 100,000+ merchants on our platform across the region.
We’ll be sharing our metrics every quarter. Looking forward to continuing this journey.