At Tala, we’re working to build the world’s most accessible financial services.
More than 6 million people have used our app to pursue their financial goals with confidence, all from their phone. Previously overlooked, our customers continue to drive the success and evolution of our product.
Together, they’ve borrowed more than $2.7 billion across Kenya, the Philippines, Mexico, and India to start and expand small businesses and manage day-to-day needs. They’ve used over 680,000 access points and mobile agents to cash out and repay how they prefer and have spent more than 108 thousand hours reading over 156 educational articles in our app. They have also given Tala more than 1 million 5-star reviews, making us one of the top finance apps in markets we serve. More than 12,000 people sign up for Tala everyday. And we know they need more services.
Today, we’re proud to announce a $145 million Series E fundraise led by Upstart with participation from the Stellar Development Foundation. New investors Kindred Ventures and the J. Safra Group also joined, along with existing investors IVP, Revolution Growth, PayPal Ventures, and Lowercase Capital, to bring our total funding to more than $350 million.
We’ll use this investment to provide those services and accelerate the rollout of our new financial account experience, which provides fresh new tools to grow, save, and manage your money. We’ll also work to develop one of the first mass-market crypto products for emerging markets to help make crypto solutions more affordable and equitable for those who need them most.
Thanks to everyone who has chosen Tala as their financial partner and to all those who have helped us grow. After seven years, this still feels like the beginning.
If you’re interested in helping us accelerate financial agency for all, we’d love to hear from you. Check out our open positions at tala.co/careers.