Fintech Platform Tala Raises $145 Million in Sequence E Funding

fintech$145 million is secured by Tala in a Series E funding round.
Growing financial technology startup Tala just revealed that it has raised $145 million in Series E funding to grow its offerings. The Stellar Growth Foundation was one of the participants in the investment round headed by Upstart. With this finance, the company hopes to create one of the first mass-market cryptocurrency solutions for developing regions and increase the affordability and equity of cryptocurrency options.
Tala’s app has been used by over 6 million users, and in the last few months, there has been a significant increase in daily signups. The company states that it will utilise the funds to provide these services more quickly and to develop new tools for managing, growing, and saving money through a new financial account experience. In order to assist make cryptocurrency solutions more accessible and equitable for those who need them the most, we’ll also endeavour to create one of the first mass-market crypto products for emerging economies.
In the Series E round, new investors Kindred Ventures and the J. Safra Group joined Upstart and the Stellar Growth Foundation. The $145 million round included participation from prior investors IVP, Revolution Rise, PayPal Ventures, and Lowercase Capital.
“With the help of our app, over 6 million individuals have confidently pursued their financial objectives from the convenience of their phones. Once disregarded, our consumers are still the main force behind the development and success of our product. In order to launch and grow small enterprises and meet urgent requirements, they have collectively borrowed more than $2.7 billion from Kenya, the Philippines, Mexico, and India, according to Tala. “We are grateful to everyone who has choose Tala as their financial partner and to everyone who has contributed to our expansion. This still feels like the beginning even after seven years.

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