T

    Tala Philippines

    Instant loans for the underbanked, powered by your phone

    Founded
    2017
    Headquarters
    Metro Manila, Philippines
    Stage
    Growth
    Total raised
    ₱14.3B
    From recorded rounds
    Licences
    2
    SEC, BSP

    Overview

    Tala is a digital lending app operated in the Philippines by Tala Financing Philippines, Inc., a US-founded (Santa Monica) global fintech serving the underbanked. Through its mobile app, Tala provides instant, collateral-free personal loans of up to ₱25,000, underwriting customers with little or no formal credit history using alternative data from their smartphones. Since entering the Philippines in 2017, Tala has disbursed billions of pesos to millions of Filipino borrowers and surpassed 4 million customers in the country.

    Mission

    To give every person the power to improve their financial life.

    Products

    • Instant Personal Loans (up to ₱25,000)
    • Alternative-data Credit Scoring
    • Flexible Repayment

    Serves

    ConsumersUnderbankedMicro-entrepreneurs

    Funding and ownership

    Total raised

    ₱14.3B

    Sum of recorded funding rounds

    Stage

    Growth

    Parent organisation: Tala (global HQ: Santa Monica, USA)

    Investors and shareholders

    UpstartRPS VenturesIVPRevolution GrowthNotable Capital (formerly GGV Capital)PayPal Ventures

    Figures are calculated from the funding rounds recorded for this company.

    People

    • Shivani SiroyaFounder & CEO

    Licences and certifications

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