At Tala, we believe every person deserves the opportunity to take charge of their financial life. And with nearly half of the global population unable to access basic financial services and participate in the formal financial sector, the world misses out on countless new ideas, businesses, and innovations. That’s why Tala is working to build a financial system that works for everyone, beginning with the world’s most accessible credit.
In the past year, Tala tripled our core credit businesses, lending over $1 billion dollars to more than four million customers across three continents, all via our smartphone app. Customers can now receive and pay back their loans at over 40,000 pickup points (in addition to top mobile wallets), better navigate everyday financial challenges through our personalized financial education programs, and enjoy Tala’s lowest fees from dynamic pricing. Our loyal customers have helped make us one of the fastest growing fintechs globally, and the top digital lending app across our markets – and this is only the beginning.
We are now thrilled to announce that we’ve raised $110 million in our Series D! This round was led by RPS Ventures, with participation from GGV Capital and previous investors including IVP, Revolution Growth, Lowercase Capital, Data Collective VC, ThomVest Ventures and PayPal Ventures. We are excited to welcome Kabir Misra, Founding General Partner at RPS Ventures, to Tala’s Board of Directors as a part of this round. Over the last year, we’ve also raised an additional $100M in debt, including a $50M facility led by Colchis that is the first of its kind in Kenya and Colchis’ first debt facility outside the United States and the United Kingdom.
We’ll use this funding to advance our mission by expanding in India and other markets, launching new products on the Tala platform, and scaling our world-class team across our offices in Kenya, Mexico, the Philippines, India, and the United States.
Thanks to all who have chosen Tala as your financial partner and to those who have joined us in pursuing our mission.