$150-175k
Financial services in emerging markets
Open for applications
Financial services in emerging markets
501-1000 employees
Open for applications
$150-175k
501-1000 employees
To build a modern credit infrastructure where consumer credit is more accessible.
Billions of people across the globe are unable to access traditional forms of credit, typically because of a lack of credit history or inconsistencies in their records. When making credit decisions, banks will rely on third party credit scores, whilst online lenders look at an applicant's financial history.
Tala is addressing this shut-out segment with an innovative model to assessing eligibility for a loan. Focusing on behavioral data tracked through its Android app, it creates a custom credit profile by analysing a customer's texts and calls logs, merchant transactions and overall app usage. Its machine learning algorithms then evaluate individual risk and provide instant loans.
More than 2 million people in emerging markets in countries such as India and Kenya have borrowed through Tala. The business has lent over $1b to consumers to date and is now scaling up its operations in India. That's not to say it's without competition – Branch (supported by Visa) is a core competitor in many markets.
Kirsty
Company Specialist at Welcome to the Jungle
19% employee growth in 12 months
Oct 2021
$145m
SERIES E
Aug 2019
$110m
SERIES D
Santa Monica, CA
Shivani Siroya
(CEO)Shivani has worked as an Analyst for Credit Suisse, UBS Financial Services, Citigroup, Janani and the United Nations Population Fund. Shivani is currently a Young Global Leader, a community of action-oriented individuals acting to shape a better future, a feature of the World Economic Forum.
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