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Founded Year

2011

Stage

Debt - IV | Alive

Total Raised

$502.1M

Valuation

$0000 

Last Raised

$40M | 2 yrs ago

About Tala

Tala provides digital financial services through the mobile application. The company's financial tools help users borrow, save, and grow money. It gathers discrete data points of customers to build a financial identity and deliver instant credit. It was formerly known as InVenture. The company was founded in 2011 and is based in Santa Monica, California.

Headquarters Location

1633 26th Street

Santa Monica, California, 90404,

United States

213-262-6903

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Tala's Products & Differentiators

    LOC

    Tala’s LOC enables borrowers to only pay for the days they use at a low rate. The transparent daily rate enables customers to compute the amount they need to repay and prevents customers from having to worry about “bill shock.” It also allows borrowers to save more by only paying for the days they need.

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Research containing Tala

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Tala in 2 CB Insights research briefs, most recently on Jun 6, 2022.

Expert Collections containing Tala

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Tala is included in 5 Expert Collections, including Fintech 250.

F

Fintech 250

747 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

D

Digital Lending

2,168 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

T

Tech IPO Pipeline

282 items

Track and capture company information and workflow.

C

Conference Exhibitors

5,302 items

F

Fintech

8,086 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

Tala Patents

Tala has filed 21 patents.

The 3 most popular patent topics include:

  • Goldfish breeds
  • Graphical projections
  • Honeycombs (geometry)
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/17/2020

2/22/2022

Artificial neural networks, Machine learning, Classification algorithms, Artificial intelligence, Computational neuroscience

Grant

Application Date

12/17/2020

Grant Date

2/22/2022

Title

Related Topics

Artificial neural networks, Machine learning, Classification algorithms, Artificial intelligence, Computational neuroscience

Status

Grant

Latest Tala News

Tala Wallet Soars to One Million Customers Since Launch

Aug 25, 2023

Digital wallet gives customers instant access to cash to pay bills, store money and seamlessly send and receive cash Tala , the world’s leading money app for the underbanked, announced that nearly one million Filipino customers are now using Tala Wallet after it formally launched in the Philippines in April of this year. Over 90% of Tala’s first-time customers are also account holders. Instead of spending hours traveling to banking centers and standing in long lines, Tala Wallet customers can borrow money, store money, pay bills, and send and receive cash instantly and seamlessly — all from their mobile phones. The ability to manage money in real time gives customers the power to take control of their finances while also building financial stability. Tala will add more highly requested services and other new features to its Wallet in the coming weeks to drive even more customer adoption and value. Tala Wallet is expected to be rolled out to other markets in the near future. “The unprecedented adoption of Tala Wallet demonstrates just how valuable our platform has become to millions of people who need instant access to cash and the ability to manage their money in real time every day,” said  Jori Pearsall , Chief Business Officer at Tala. “Giving people safe, flexible and seamless access to capital is a game changer for those striving to invest in their families and achieve their financial goals.” The World’s Leading App for the Underbanked There are now more than eight million customers* using Tala’s platform across Kenya, India, the Philippines and Mexico. In the first six months of this year, Tala gained more than 800,000 new customers, a 114% increase compared to the first half of 2022. The global money platform is now processing nearly $200 million in transactions monthly and totaling more than $100 million in origination per month. ** The average Tala loan is $150, which is repaid in an average of 25 days. Tala acquires customers efficiently at scale by giving people instant access to cash. Leveraging AI and a customer-centric approach, the platform maintains a highly loyal customer base which drives business growth — the customer repeat rate is 95%, and repayment rates are above 90%.

Tala Frequently Asked Questions (FAQ)

  • When was Tala founded?

    Tala was founded in 2011.

  • Where is Tala's headquarters?

    Tala's headquarters is located at 1633 26th Street, Santa Monica.

  • What is Tala's latest funding round?

    Tala's latest funding round is Debt - IV.

  • How much did Tala raise?

    Tala raised a total of $502.1M.

  • Who are the investors of Tala?

    Investors of Tala include Victory Park Capital, Lowercase Capital, Institutional Venture Partners, PayPal Ventures, Revolution and 29 more.

  • Who are Tala's competitors?

    Competitors of Tala include Prodigy Finance, ZestMoney, Abound, SoLo Funds, Kueski, Colendi, Kissht, MyShubhLife, Fair, Fundfina and 15 more.

  • What products does Tala offer?

    Tala's products include LOC and 2 more.

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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
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Compare Tala to Competitors

B
Branch International

Branch International offers a mobile application. It allows users to access credit in emerging markets. Its offerings include loans and micro-finances. It enables users to get loans. It was founded in 2015 and is based in San Francisco, California.

Prodigy Finance Logo
Prodigy Finance

Prodigy Finance provides a global lending platform. Its international network of investors fund graduate loans for students from different countries, through a borderless model that prizes potential over geography. It was founded in 2007 and is based in London, U.K.

ZestMoney Logo
ZestMoney

ZestMoney operates as a digital lending platform that enables people to pay using digitally equated monthly installments (EMIs). It also provides credit information, financial counseling, and other services. ZestMoney was founded in 2015 and is based in Bengaluru, India.

Brighte Logo
Brighte

Brighte is a point of sale credit and payments provider that seeks to help businesses provide customers with a fast and affordable way to pay. Brighte's end-to-end automated digital platform provides real-time credit assessment of a customer application.

Upgrade Logo
Upgrade

Upgrade operates as an online lending platform. It combines personal loans with credit monitoring and helps users secure credit via mobile rewards. It was founded in 2017 and is based in San, Francisco, California.

Kissht Logo
Kissht

Kissht is a financial technology platform that enables instant, seamless credit for consumers to make purchases at digital points of sale (online and offline). Its plug and play gateway APIs can be easily integrated into any merchant checkout page or retail POS for providing access to quick loan. Kissht was founded in 2015 and is based in Mumbai, India.

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