Tribe Payments joins Microsoft for Startups programme to boost digital transformation

By Megha Bhattacharya

Payment technology provider Tribe Payments announced that it has joined Microsoft for Startups programme in a bid to drive business growth and solution development. The programme aims to enable Tribe to gain access to Microsoft’s technology and expertise and benefit from Microsoft’s extensive partner network.

“We’ve got big ideas and big plans for our technology and for Tribe’s growth,” said Alex Reddish, Chief Commercial Officer at Tribe Payments. “But, these ambitious plans will only be successful if we continue to build in a scalable, sustainable way. This is a principle that sits at the core of Tribe’s approach and working with Microsoft’s world-class cloud infrastructure and expertise will underpin that. Working in the cloud offers better control over where data is located, along with better security, availability and scalability – these are all essential for our customers. We will also be able to deliver better speed to market for new products.”

“Our aim is to provide fintechs, banks and payments businesses with innovative, streamlined solutions that help them scale quickly and successfully. Microsoft’s technology and partner ecosystem help us deliver on that mission.”

Recently, Tribe Payments announced that full-stack FinTech platform TradeCore has selected it as its issuer processor. The collaboration will see Tribe Payments act as an issuer processor for card programmes delivered by TradeCore to its customers. The FinTech’s customers will use Tribe’s authentication and fraud protection system which includes an advanced 3-D Secure protocol. The system will allow the FinTech’s customers to approve or deny transactions directly through custom spending rules.

“FinTech is definitely an exciting area for us, but we’re particularly delighted to welcome Tribe to our startup programme because of their refreshing approach and technical capabilities.” said Amali de Alwis, UK MD at Microsoft for Startups, “They’re agile problem-solvers with the drive to open up fintech to a broader range of businesses – to take fintech beyond traditional financial services. We’re excited to support Tribe as a member of our programme and we’ll watch their progress with great interest.”