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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.
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.
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.
The company generates revenue by charging customized interest and processing fee, which is 2% of the sanctioned amount.
Individuals
The company claims that more than 85% of approved customers receive credit in less than 10 minutes.
9 M in 2019
$680 M in 2019
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)
2.5 Million in 2019
Jules Maltz
Chris Sacca
Kanyi Maqubela
Steven Murray
Zachary Bogue
Nishkaam Mehta
51-200
Johnny Lee
Jon Blackwell
Johnny Lee
Jon Blackwell
Johnny Lee
Jon Blackwell
YES
5
$94.44 M
Apr 2018
The company will use the funds to continue to expand its business reach and bring its consumer lending app to India. (Apr. 2018)
$1.44 M
Aug 2013
SERIES A · $10 M · Sep 2015
SERIES B · $30 M · Feb 2017
SERIES C · $50 M · Apr 2018
$3 M
NO
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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.
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.
The company generates revenue by charging customized interest and processing fee, which is 2% of the sanctioned amount.
9 M
680 M
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)
2.5 Million
51-200
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
Zachary Bogue, Jules Maltz, Nishkaam Mehta, Chris Sacca, Kanyi Maqubela, Steven Murray
YES
$94.44 M
NO
$1.44 M
Aug 2013
SERIES A · $10 M · Sep 2015
SERIES B · $30 M · Feb 2017
SERIES C · $50 M · Apr 2018