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Total amount raised
$403M
Latest funding date
2025-03-19
Location
TALA has raised funding over two rounds, with the latest being a Venture - Series Unknown round. The company is backed by six investors, including Venrex and Pembroke VCT.
What Is Tala?
Tala is a U.S.-based digital financial services company headquartered in Santa Monica, California. Founded by Shivani Siroya in 2011, Tala provides access to credit, payments, savings, and transfer services to underserved consumers in emerging markets across Kenya, the Philippines, India, and Mexico.
Operating at the intersection of fintech, data science, and financial inclusion, Tala uses mobile phone data to build credit profiles for borrowers who lack traditional credit histories. The company has disbursed billions in credit to millions of customers globally, establishing itself as one of the largest digital lenders for underbanked populations worldwide.
How Much Funding Has Tala Raised?
- Seed Round 1
- Amount Raised: $317,653
- Date: August 2011
- Lead Investors: India Internet Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial capital to launch operations and develop the platform.
- Seed Round 2
- Amount Raised: $2,030,000
- Date: February 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Early-stage growth and product development.
- Series A
- Amount Raised: $10,330,000
- Date: September 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Accelerate product development and expand into new markets.
- Series B
- Amount Raised: $30,340,000
- Date: February 2017
- Lead Investors: IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Invest in technology, research, and development; expand to new markets including Mexico.
- Series C
- Amount Raised: $65,000,000 ($50M equity + $15M debt)
- Date: April 2018
- Lead Investors: Revolution Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Expand into India and Mexico, grow the loan book.
- Series D
- Amount Raised: $110,000,000
- Date: August 2019
- Lead Investors: RPS Ventures
- Valuation at Round: ~$800 million (pre-Series E)
- Motivation Behind the Round: Accelerate expansion into India and deepen presence in existing markets.
- Series E
- Amount Raised: $145,000,000
- Date: October 2021
- Lead Investors: Upstart
- Valuation at Round: North of $800 million
- Motivation Behind the Round: Expand account and crypto capabilities; grow financial services in emerging markets.
- Debt Financing (Victory Park Capital)
- Amount Raised: $40,000,000
- Date: October 2021
- Lead Investors: Victory Park Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Expand core credit product in Mexico and increase financial inclusion.
- Debt Financing (Neuberger Berman)
- Amount Raised: Up to $150,000,000 (initial committed capital: $75,000,000)
- Date: March 2025
- Lead Investors: Neuberger Berman (Specialty Finance group)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Accelerate expansion of lending operations in Mexico; Tala's largest capital markets transaction to date.
Total Amount Raised: At least $403M based on disclosed funding. Current Valuation: Not publicly disclosed.
Key Investors
- Neuberger Berman
- Details: A global investment management firm whose Specialty Finance group led Tala's $150M debt facility in March 2025 — the company's largest capital markets transaction to date.
- Investment Focus Areas: Private credit, specialty finance, alternative investments
- Notable Investments: Various private credit and specialty finance transactions globally
- Upstart
- Details: Upstart is an AI lending platform that led Tala's $145M Series E round in October 2021.
- Investment Focus Areas: Fintech, AI-powered lending, financial services
- Notable Investments: Tala Series E
- RPS Ventures
- Details: RPS Ventures led Tala's $110M Series D round in August 2019. Founding general partner Kabir Misra joined Tala's board as part of the investment.
- Investment Focus Areas: Emerging markets, fintech, consumer technology
- Notable Investments: Tala Series D
- Revolution Growth
- Details: Revolution Growth led Tala's $50M Series C equity round in April 2018. Managing Partner Steve Murray joined Tala's board of directors.
- Investment Focus Areas: Consumer brands, retail, fintech, growth-stage companies
- Notable Investments: Tala Series C; part of Steve Case's Revolution firm
- IVP (Institutional Venture Partners)
- Details: IVP led Tala's Series B round in February 2017 and has participated across multiple subsequent rounds including Series C, D, and E.
- Investment Focus Areas: Growth-stage technology companies, fintech
- Notable Investments: Twitter, Snap, Dropbox, Tala
- Victory Park Capital
- Details: Victory Park Capital provided $40 million in debt financing to Tala in October 2021 to expand its credit product in Mexico.
- Investment Focus Areas: Private credit, fintech lending
- Notable Investments: Various fintech credit facilities globally
What's Next for Tala?
As TALA looks to the future, the opportunities are vast. The company aims to bring its sustainable activewear into the mainstream, tapping into a global market expected to be worth nearly $547 billion by 2024. This expansion will involve investing in inventory, hiring new talent, and growing its international presence. The significant financial backing from recent funding rounds positions TALA well to capitalize on these opportunities.
Future fundraising efforts seem likely as TALA continues to scale. The involvement of notable investors and the successful oversubscribed funding round suggest that additional investment rounds could support further growth and international expansion. However, TALA will face challenges such as competition from established brands, maintaining sustainable practices while scaling, and managing international logistics.
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