What is Tala?
Tala operates as a mobile-first financial services provider, leveraging smartphone data to assess credit risk and offer financial products. Founded in 2011 and headquartered in Santa Monica, CA, Tala utilizes proprietary data science algorithms to evaluate a customer's creditworthiness instantly, using only the data available on their devices. This approach allows the company to serve underserved populations who may lack traditional credit histories, thereby democratizing access to financial services. The company's core mission revolves around providing financial inclusion through technology.
How much funding has Tala raised?
Tala has raised a total of $396.5M across 11 funding rounds:
Series A
$10M
Other Financing Round
$3M
Series B
$30M
Series C
$50M
Series D
$110M
Series E
$145M
Debt
$40M
Other Financing Round
$6.5M
Series A (2015): $10M featuring Female Founders Fund, India Internet Fund, LOWERCASE Capital, Collaborative Fund, and Data Collective
Other Financing Round (2016): $3M backed by Aslanoba Capital
Series B (2017): $30M with participation from Insitutional Venture Partners, Data Collective, Collaborative Fund, Lowercase Capital, and Ribbit Capital
Series C (2018): $50M led by Data Collective, Female Founders Fund, Revolution Growth, and Ribbit Capital
Series D (2019): $110M supported by Revolution Growth, IVP, RPS Ventures, Lowercase Capital, Data Collective VC, ThomVest Ventures, GGV Capital, and PayPal Ventures
Series E (2021): $145M featuring Stellar Development Foundation, Upstart, and Kindred Ventures
Debt (2021): $40M backed by Victory Park Capital
Other Financing Round (2024): $6.5M, investors not publicly disclosed
Key Investors in Tala
Aslanoba Capital
Aslanoba Capital is responsible for the early stage technology investments of Hasan Aslanoba, the leading angel investor in Turkey. We invest in ambitious teams pursuing disruptive ideas in areas such as marketplaces, e-commerce, mobile, and SaaS.
Female Founders Fund
Female Founders Fund is a seed stage venture fund dedicated to investing exclusively in female-founded companies across various sectors including e-commerce, media, and digital healthcare. The fund aims to empower exceptional female talent and disrupt the status quo in venture capital, where only a small percentage of funding has historically gone to women.
India Internet Fund
India Internet Fund is an early stage venture capital firm based in New Delhi and New York, focusing on technology and consumer startups in India and the US. Founded in 2011 by entrepreneurs Anirudh Suri and Nihal Mehta, the fund has invested in over 15 companies across various sectors including media, entertainment, and AI.
What's next for Tala?
With its substantial enterprise-level backing and recent strategic investment, Tala is poised for accelerated growth. The company is likely to focus on expanding its product offerings, enhancing its data analytics capabilities, and broadening its geographical reach. Further investment will enable Tala to deepen its impact in emerging markets, providing essential financial tools to a larger customer base. The company's trajectory suggests a continued emphasis on innovation in mobile lending and data-driven financial solutions.
See full Tala company page
