Tala is mobile technology and data science company that is revolutionizing financial services in emerging markets. It is the leading mobile technology and data science company committed to financial inclusion globally.
Tala offers the world’s most accessible consumer credit product, instantly underwriting and then disbursing loans to people who have never had a formal credit history, all through a smartphone app.
Tala was founded in 2011 by Shivani Siroya & Jon Blackwell. The company is headquartered in Santa Monica, with additional offices in Nairobi, Manila, Dar Es Salaam, Mexico City, Mumbai, and Bangalore.
Tala has built a modern credit infrastructure from scratch, powering by advanced data science. Anyone with an android smartphone can apply for a loan and receive an instant decision, regardless of their credit history. The application takes only minutes and money is sent directly to the borrower’s mobile money account or other cash out options.
Tala’s smartphone app is being used by over 2 million people for instant credit scoring, lending, and other personalized financial services in emerging markets.
Tala is backed by investors including PayPal, Revolution, IVP, Ribbit Capital, Data Collective, Lowercase Capital, & RPS Ventures among others. The company raised $110M in its latest funding of a "Series D" round on Aug 21, 2019. This brings Tala's total funding to $219.4M to-date.