Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Tala raises $65 million for alternative credit scoring and mobile lending

ImpactAlpha, April 24 – Tala, based in Santa Monica, offers small loans of $10 to $500 to people worldwide with no or slim formal credit files. It uses mobile and behavioral data to review loan requests, and disburses the funds through a mobile wallet. Tala has originated $300 million in small loans to 1.3 million customers in Kenya, Tanzania and the Philippines.

  • Growth capital… The $65 million Series C round was backed by Revolution Growth — the growth-capital fund of Steve Case’s Revolution Ventures — along with IVP, Data Collective, Lowercase Capital, Ribbit Capital and Female Founders Fund. The company has raised $105 million in total to date.
  • New markets… Tala will expand to Mexico and India.

Tala says it is tapping the market of more than 3 billion people around the world for whom traditional credit-scoring is inadequate. The company is among the growing number of fintech firms using non-traditional data to assess creditworthiness.

You might also like...