Everything you need to need to know about the largest Los Angeles startup funding rounds of 2021; broken down by industry, stage, investors, and more…
Shivani Siroya
Tala Raises Another $145M to Enable Credit Access and Banking Services for the Underbanked Globally
The advent of mobile money services has led to 1.2B people across the globe opening accounts for the first time since 2010. Yet there are still 1.7B unbanked adults; 3.4B are underbanked. Technology will be the primary driver to ensure that financial inclusion will continue to rise globally. Tala is focused on providing financial and banking services to the underserved in emerging markets with its expanding suite of financial services. Since 2014, the company has provided instant microloans in Mexico, the Philippines, India, and East Africa without requiring any formal credit histories. By leveraging AI, the company has built a sophisticated underwriting system that doesn’t need the traditional loan assessment inputs found in places where lending is more formalized. Since its founding, Tala has served over 6M customers that have borrowed in excess of $2B. With foundational customer relationships already in place and with the trust of the communities served, the company is now expanding its offering to provide more services beyond loans to ensure that people are able to access the financial services including payments, savings, and enhanced credit facilities without having to work with analog and inaccessible banks or predatory providers. LA TechWatch caught up with Tala CEO and Founder Shivani Siroya to learn more about what led her to build tech-enabled solutions to address the massive market opportunity to serve the underbanked globally, the company’s strategic plans, latest round of funding from investors that include Upstart Stellar Development Foundation, Kindred Ventures, J. Safra Group, IVP, Revolution Growth, Lowercase Capital, and PayPal Ventures
The Weekly Notable Startup Funding Report: 10/18/21
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 10/16/21 featuring funding details for Karat, Grin, Groove, Plume Design, and fourteen other rounds that you need to know about.
The LA TechWatch Startup Daily Funding Report: 10/14/2021
The latest venture capital, seed, pre-seed, and angel deals for LA startups for 10/14/2021 featuring funding details for Tala, Vendorflow, and much more.
The 11 Largest Female-Founded LA Startup Funding Rounds of 2019
These 15 LA Startups Raised the Most Venture Funding in 2019
Everything you need to need to know about the largest LA startup funding rounds of 2019; broken down by industry, stage, investors, and more…
These 15 LA Startups Raised the Most Capital in Q3 2019
The 15 Largest Global Startup Funding Rounds of August 2019
Everything you need to need to know about the largest global startup funding rounds for August 2019; broken down by industry, stage, investors, and more…
These are the 15 Largest US Tech Startup Funding Rounds of August 2019
Everything you need to need to know about the largest US startup funding rounds for August of 2019; broken down by industry, stage, investors, and more…
These are the 5 Largest LA Tech Startup Funding Rounds of August 2019
The Weekly Notable Startup Funding Report: 8/26/19
The notable startup fundings for the week ending 8/24/19 featuring funding details for Tala, SpotHero, and much much more.