Tala has announced that they want to build the world’s most accessible financial services, they aslo stated that millions people use their app to pursue their financial goals with confidence.
They also stated that they’ve borrowed more than $2.7 billion across different countries like Kenya, the Philippines, Mexico, and India to start and expand businesses and manage daily needs.
Also over 680,000 access points and mobile agents to cash out and repay how they prefer and have spent more than 108 thousand hours reading over 157 educational articles in their app. They are well known in the finance market and have gotten more than a million reviews including 5stars. More than a thousand people sign up for Tala every day and more services are provide.
Today, they proudly announce a $145 million Series E fundraise led by Upstart with participation from the Stellar Development Foundation. Investors Kindred Ventures and the J. Safra Group also joined, along with long time investors like IVP, Revolution Growth, PayPal Ventures, and Lowercase Capital, to bring our total funds received to be more than $350 million.
They also stated that the investment will be used to provide services and accelerate new financial account experience, which provides fresh new tools to save, and manage your money. Also work to develop one of the first mass-market crypto products for emerging markets to help make crypto solutions more affordable and equitable for those who need them most.
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