Tala (company)

Tala (company)

A financial technology company with a mobile application to manage personal loan. 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

August 2019
Tala raises a $110,000,000 series D round from DCVC Bio, Data Collective, GGV Capital, IVP, Institutional Venture Partners, Lowercase Capital, PayPal Ventures, RPS Ventures, Revolution Growth and Thomvest Ventures.
April 2018
Tala raises a $50,000,000 series C round from Data Collective, Female Founders Fund, Institutional Venture Partners, Lowercase Capital, Revolution and Ribbit Capital.
February 22, 2017
Tala raises a $30,000,000 series B round from Aslanoba Capital, Clocktower Technology Ventures, Collaborative Fund, Data Collective, Female Founders Fund, IVP and Lowercase Capital.
September 1, 2016
Tala raises a $3,000,000 venture round from Aslanoba Capital.
September 3, 2015
Tala raises a $10,000,000 series A round from Data Collective.
August 29, 2013
Tala raises a $1,200,000 seed round.
December 21, 2012
Tala raises a $239,700 seed round from Artha India Ventures.
October 1, 2011
Tala was founded by Shivani Siroya.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Tala funding round, August 2019
110,000,000
August 2019
1,200,000
August 29, 2013
9 Results
Results per page:
Page 1 of 1

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

Page 1 of 4

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

News

Title
Author
Date
Publisher
Description
Celia Jones
January 23, 2021
Business Insider
Activewear brand TALA and fitness app SHREDDY were founded by Grace Beverley, 23, while she was a student. These are her six tips for being productive
Manish Singh
August 21, 2019
TechCrunch
Tala, a Santa Monica, Calif.-headquartered startup that creates a credit profile to provide uncollateralized loans to millions of people in emerging markets, has raised $110 million in a new financing round to enter India's burgeoning fintech space. The Series D financing for the five-year-old startup was led by RPS Ventures, with GGV Capital and previous [...]

References

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