Golden
Tala (company)

Tala (company)

A financial technology company with a mobile application to manage personal loans. It was founded in 2011 and has headquarters in Santa Monica, California.

Tala is a California-based company that has created a mobile application that can be used to apply for and manage loans. The app provides credit scoring, lending, and other financial services. The loans are intended to be given to people without credit history or with poor credit history who have goals such as attending college or starting a business. It has worldwide locations in places such as Kenya, Tanzania, the Philippines, Mexico, and India. 

Product

Users with Android devices can download the Tala app from the Google Play Store. After creating an account, they can fill out a digital application for a loan. Data is collected from the user from texts, calls, merchant transactions, and overall app usage. Loans range from $10 to $500 and are usually approved within ten minutes. Users on average pay back their loans within 30 days and Tala charges between 11% and 15% interest for the loan.

Investors

The company has had ten funding rounds and various investors, such as PayPal, Data Collective, and Ribbit Capital. 





Timeline

Funding rounds

People

Name
Role
LinkedIn

Anuradha Duggal

Investor



Ajay Rajani

Advisor



Aleem Walji

Advisor



Alexander Fankuchen

Employee



Allen Fei

Employee



Allison Lu

Employee



Ami Gosalia

Employee



Andrew Lanoha

Investor



Andrew Montgomery

Investor



Andrii Cherniak

Employee



Anirudh A Damani

Investor



Ashish Mehta

Employee



Bonnie Oliva-Porter

Employee



Brian K. Lee

Employee



Bruce Cahan

Advisor



Chiao Cheng

Employee



Chirag Garg

Investor



Chris Wiggins

Employee



Collins Liyosi

Employee



Curtis Wilkerson

Employee



Daniel Kimerling

Advisor



David Duffeck

Employee



Denisse Halm

Employee



Doug Astor

Employee



Doug Chertok

Investor



Further reading

Title
Author
Link
Type
Date

Tala Gets $50 Million Series C to Provide Financial Services to Emerging Markets



Web

April 18, 2018

With loans of just $10, this startup has built a financial services powerhouse in emerging markets

Jonathan Shieber

Web

April 18, 2018

Documentaries, videos and podcasts

Title
Date
Link

Shivani Siroya Wants To Bring Credit Coverage To Every Corner Of The Globe

June 18, 2018

Companies

Company
CEO
Location
Products/Services









References