FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Consumer Lending App Tala Raises $65M for Launch in India

Tatjana KulkarnibyTatjana Kulkarni
April 18, 2018
in Lending
Reading Time: 1 min read
0
Share on Facebook

Mobile lending app Tala today secured $65 million in its latest round of funding. marked for its expansion to India.

With over 1.3 billion people, rapidly advancing technology, and government backed initiatives to digitize financial services, India is becoming an important market for fintechs.

Of the $65 million Tala raised, $50 million came from a Series C investment led by VC firm Revolution Growth. Other investors in this round include VP, Data Collective, Ribbit Capital, Lowercase Capital and Female Founders Fund. Tala did not specify if the additional $15 million came from the same group of investors. Tala could not be reached for comment.

Today’s funding brings Tala’s total investment to more than $105 million, according to the release.

Based in Santa Monica, Calif., Tala provides consumer loans ranging from $10 to $500 through its mobile-first platform. It has operations in Kenya, Tanzania, Mexico, and the Philippines. Since its founding in 2012, it has originated more than $300 million in consumer loans, to nearly 1.3 million customers.

In a statement released today, Shivani Siroya, founder and CEO for Tala, said:

We are excited to bring our globally proven, customer-driven product to India, where there is high demand for consumer credit and a significant underserved population. Tala’s speed, fully automated borrowing experience, and empathetic customer service will be an advantage in a fast-growing sector.

Read more at Finextra and Capital Business.

Tags: Capital & FundingConsumer LendingExclusiveIndia fintechTala
Previous Post

Americans Prefer EMV Chip Payment Over Swiping Cards

Next Post

Indian Crypto Platform Kali Digital Files Petition Against Reserve Bank of India

Related Posts

Lending

AI driving funding growth via credit adjudication

August 5, 2026
(AI-generated/ChatGPT)
Lending

Upstart automated nearly 91% of loans with AI in Q2

August 5, 2026
David Normandin (Courtesy/Wintrust)
Lending

Wintrust Specialty Finance’s David Normandin to speak at FinAi Lending Summit

August 4, 2026
Next Post
Pexels.com

Indian Crypto Platform Kali Digital Files Petition Against Reserve Bank of India

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

 [wt_cli_manage_consent]

Connect

twitter linkedin podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account