Wednesday, August 21, 2019

Tala Takes $110M More In Funding For Fintech Efforts

Santa Monica-based Tala, the fintech startup led by CEO Shivani Siroya, has raised $110M more in a Series D funding round, the company said this morning. The funding was led by RPS Ventures, and also included GGV Capital, IVP, Revolution Growth, Lowercase Capital, Data Collective VC, ThomVest Ventures, and PayPal. The company has now raised a total of $215M. The funding reportedly values the company at over $500M. Tala said the new funding will help it expand its financial servies to India. Tala offers up financial services for underserved customers in emerging markets, using their mobile phones to help qualify its customers for loans based on their mobile phone records and information. Siroya previously worked at investment bank UBS, and also spent time working at the UN Population Fund understanding the issues of underserved populations in India.

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