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

August 2019

Tala raises a $110,000,000 series D round from DCVC Bio, GGV Capital, RPS Ventures, Data Collective, Thomvest Ventures, PayPal Ventures, Lowercase Capital, Institutional Venture Partners, IVP and Revolution Growth.

August 29, 2013

Tala raises a $1,200,000 seed round.

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

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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
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News

Title
Author
Date
Publisher
Description
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