Full-Time
Digital wallet and lending platform for underserved
$200k - $250k/yr
Senior, Expert
California, USA
Candidates must be based in the United States.
Tala operates as a digital wallet and lending platform that focuses on providing financial services to individuals who are often overlooked by traditional banks. The platform uses artificial intelligence and machine learning to create a personalized financial experience, allowing users to establish a digital financial identity. Through a single app, Tala offers instant credit, easy money transfers, and a variety of bill payment options. This approach enables customers, including those without access to conventional banking, to manage their finances more effectively. Tala generates revenue by charging interest and fees on the credit it provides, as well as transaction fees for money transfers and bill payments. Operating in multiple countries across three continents, Tala adapts to different markets while enhancing user experience with financial tips and rewards based on individual usage.
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$540.7M
Headquarters
Santa Monica, California
Founded
2011
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Remote Work Options
Flexible Work Hours
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Tala has secured a $150 million debt facility from Neuberger Berman to expand its AI-driven lending services in Mexico. This marks Tala's largest capital markets transaction, enhancing its credit portfolio and financial infrastructure. The funding will increase loan availability for underbanked individuals and small businesses, strengthen AI analytics, and extend mobile-first solutions. Neuberger Berman's backing reflects confidence in Tala's alternative credit model and growth potential.
Tala receives US$150M Debt Facility with Neuberger Berman.
The U.S. fintech company Tala, which provides small loans to customers in developing markets, announced on Wednesday that it has secured a credit line of $150 million to expand its operations in Mexico.
U.S.-based fintech Tala has secured a $150 million debt facility to expand its business in Mexico, focusing on small-business owners. The facility, starting at $75 million, is managed by U.S. investment firm Neuberger Berman. Tala, with over 3 million clients in Mexico, has issued more than $500 million in loans in 2024. The average loan size is around 2,300 pesos ($115). CEO Shivani Siroya hinted at further expansion in Latin America, where Mexico is currently its only market.
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