Tala

credit scoringlendingonline loans

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 19/01/2021

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About

Tala was formerly known as InVenture. It is a mobile-based credit scoring platform that collects around 10,000 data points per customer to determine the creditworthiness of an applicant. It offers a mobile-based credit scoring app with short-term credits to middle-class people in emerging markets. Recently, Tala was selected for the 2019 Forbes FinTech 50 startups list.

MEDICI Analysis

Tala was formerly known as InVenture. It is a mobile-based credit scoring platform that collects around 10,000 data points per customer to determine the creditworthiness of an applicant. It offers a mobile-based credit scoring app with short-term credits to middle-class people in emerging markets. Recently, Tala was selected for the 2019 Forbes FinTech 50 startups list.

Focus

PRODUCTS & SERVICES

Tala offers a mobile-based credit scoring engine that determines credit risk by referring up to 10,000 data points that include financial transactions, savings, network diversity, and geographic patterns. Once the customer has been scored, he/she can apply for customized loan products based on a customer’s risk and capacity. The credit is directly disbursed to the customer’s account, which can be repaid directly from the app.

REVENUE MODEL

The company generates revenue by charging customized interest and processing fee, which is 2% of the sanctioned amount.

MAIN CLIENTS

Individuals

COMMENT

The company claims that more than 85% of approved customers receive credit in less than 10 minutes.

Traction

COMPANY TYPE:

For Profit

NUMBER OF TRANSACTIONS:

9 M in 2019

TRANSACTIONS VALUE:

$680 M in 2019

TRANSACTIONS COMMENT:

To date, the company has delivered over $680 million in loans to more than 2.5 million customers in Kenya, Tanzania, the Philippines, and India. Additionally, It has processed more than 9 million loans with an average ticket size of $100; the loan repayment rate is 90%. (Mar. 2019)

ACTIVE USERS:

2.5 Million in 2019

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

8

TOTAL FUNDING

$201.2 M

DATE OF LAST FUNDING

Aug 2019

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company will use the funds to continue to expand its business reach and bring its consumer lending app to India. (Apr. 2018)

ESTIMETED REVENUE RANGE

$50M to $100M

SEED & PRIOR FUNDING

$1.2 M

SEED CLOSED ON

Aug 2013

FUNDING SERIES

SERIES A  · $10 M  · Sep 2015

SERIES B  · $30 M  · Feb 2017

SERIES C  · $50 M  · Apr 2018

SERIES D  · $110 M  · Aug 2019

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

14,660

AVERAGE VISITS (6 MONTHS)

21,483.1

MONTHLY VISITS GROWTH

-31.94%

VISIT DURATION

70

VISIT DURATION GROWTH

84.85%

PAGE VIEWS VISIT

1.76

PAGE VIEWS VISIT GROWTH

34.5%

BOUNCE RATE

63.16%

BOUNCE RATE GROWTH

-16.41%

GLOBAL TRAFFIC RANK

1,256,363

MONTHLY RANK CHANGE

-123,361

MONTHLY RANK GROWTH

-8.94%

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Tala

About

Tala was formerly known as InVenture. It is a mobile-based credit scoring platform that collects around 10,000 data points per customer to determine the creditworthiness of an applicant. It offers a mobile-based credit scoring app with short-term credits to middle-class people in emerging markets. Recently, Tala was selected for the 2019 Forbes FinTech 50 startups list.

Focus

PRODUCTS & SERVICES

Headquartered in Santa Monica, California, Tala builds mobile-first financial products that expand access, choice and control for underserved consumers globally. Through the Tala app today, customers can access instant, personalized loans and build their financial identity over time. Tala is reinventing credit by analyzing alternative data to underwrite customers in real time, without reliance on traditional credit bureaus. Our proprietary identity and underwriting technologies help us lend to customers who have been underserved by traditional finance – a population currently estimated at 3 billion globally. Tala is backed by leading venture and impact investors including PayPal, Revolution Growth, IVP, and Lowercase Capital. Tala is headquartered in Santa Monica with additional offices in Nairobi, Manila, Dar Es Salaam, Mexico City, and Bangalore.

REVENUE MODEL

The company generates revenue by charging customized interest and processing fee, which is 2% of the sanctioned amount.

Traction

NUMBER OF TRANSACTIONS:

9 M

TRANSACTIONS VALUE:

680 M

TRANSACTIONS COMMENT:

To date, the company has delivered over $680 million in loans to more than 2.5 million customers in Kenya, Tanzania, the Philippines, and India. Additionally, It has processed more than 9 million loans with an avg ticket size of $100 and also, the loan repayment rate is 90%. (Mar. 2019)

ACTIVE USERS/ACCOUNTS:

2.5 Million

People

NUMBER OF EMPLOYEES

51-200

KEY EMPLOYEES:

employee: Shivani Siroya

employee: Johnny Lee

employee: Jon Blackwell

employee: Shivani Siroya

employee: Johnny Lee

employee: Jon Blackwell

employee: Shivani Siroya

employee: Johnny Lee

employee: Jon Blackwell

BOARD MEMBERS AND ADVISORS:

Zachary Bogue, Jules Maltz, Nishkaam Mehta, Chris Sacca, Kanyi Maqubela, Steven Murray

INVESTORS:

Artha India Ventures

BAM Ventures

Chris Hughes

Collaborative Fund

Data Collective

Expansion Venture Capital

Female Founders Fund

GV

India Internet Fund

IVP

Lowercase Capital

Mesa Ventures

Mumbai Angels

PayPal

Purvi Capital

Revolution

Ribbit Capital

Tom Glocer

TYLT Ventures

Vast Ventures

Western Technology Investment

Wonder Ventures

Momentum

FUNDED

YES

TOTAL FUNDING:

$94.44 M

LISTED

NO

SEED & PRIOR FUNDING

$1.44 M

SEED CLOSED ON

Aug 2013

FUNDING SERIES

SERIES A  · $10 M  · Sep 2015

SERIES B  · $30 M  · Feb 2017

SERIES C  · $50 M  · Apr 2018