US-based fintech company Tala has secured a $150 million debt facility from Neuberger Berman to expand its lending operations in Mexico. This facility, which includes an initial $75 million commitment, marks Tala’s largest capital markets transaction to date. Founded in 2011, Tala provides financial services to underserved populations using alternative data and machine learning.
US-based fintech company Tala has secured a new debt facility of up to $150 million from Neuberger Berman, a global asset management firm, to accelerate its expansion in Mexico. This facility includes an initial capital commitment of $75 million, with the option to access additional funds, making it Tala’s largest capital markets transaction to date.
Founded in 2011 by Shivani Siroya, Tala provides credit, payments, savings, and transfer services to underserved populations in emerging markets. The company uses alternative data and machine learning to assess creditworthiness, aiming to bridge the financial gap for millions of people. Tala currently operates in Kenya, the Philippines, India, and Mexico, where it has been active since 2017 and has already amassed over three million customers.
According to Shivani Siroya, CEO of Tala, the company’s financial platform expansion in Mexico will focus on strengthening its credit portfolio with the possibility of introducing new financial services in the future.
Tala has attracted investment from major firms, including PayPal Ventures and the Stellar Development Foundation. The company claims to have disbursed over $6 billion in credit to more than 10 million customers across Latin America, Southeast Asia, and East Africa.
With Mexico as its primary focus for growth, Tala aims to expand financial access and inclusion through its advanced digital lending solutions.
