Tala’s local approach to global growth fuels $50 million Series C
Microlender Tala has proven, in the seven years since its launch, that it’s possible to effectively underwrite borrowers in emerging markets without credit bureaus. Using nontraditional data pulled from mobile phones, the Los Angeles-based startup has extended credit to over 1.3 million customers. Now Tala is expanding from its existing base–Kenya, Tanzania, and the Philippines–to …
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Microlender Tala has proven, in the seven years since its launch, that it’s possible to effectively underwrite borrowers in emerging markets without credit bureaus. Using nontraditional data pulled from mobile phones, the Los Angeles-based startup has extended credit to over 1.3 million customers.