Tala

Tala, Modern credit for a mobile world. Expanding financial access, choice and control globally through Radical Trust. Digital financial services for the next billion. Financial tools to help you borrow, save and grow, right from your phone. Currently operational in Kenya, Mexico, India, and the Philippines, Tala aims to provide the unbanked access to financial services that they would not have via traditional means. Best known for its revolutionary mobile lending app, powered by advanced data science, Tala enables its customers to “apply for a loan and receive an instant decision, regardless of their credit history.” If the loan is approved, then the borrower receives the money (ranging from $10-500) in their mobile money account in a matter of minutes. This Series E investment round (led by Upstart) will support Tala’s product expansion as the team builds out digital banking capabilities. Tala users will be able to borrow, spend, save, invest, and send/receive entirely using Stellar assets and stablecoins like Stellar USDC.