Tala raises $145M in Series E funding led by Upstart
PayPal-backed fintech Tala recently raised $$145 million in ites Series E round of funding led by Upstart. The round also saw participation from Stellar Development Foundation, Kindred Ventures and the J Safra Group, accompanied by existing investors like IVP, Revolution Growth, Lowercase Capital, and PayPal Ventures.
Founded in 2013, the global financial services company announced its intention to use the capital raised to roll out its new financial account experience and expand its teams in Kenya, India, the Philippines, Mexico, and the United States. Furthermore the funds will be utilised to scale the firm’s operations geographically and expand its product offerings- including crypto offerings.
Founder and CEO Shivani Siroya commented, “Tala has spent the past seven years delivering critical and valued services in markets where the financial system is fundamentally broken for millions of people.” She added, “This new investment will accelerate our path to becoming the primary financial account for the global underbanked and helping millions more people make progress in their financial lives. Paul Gu and Denelle Dixon are visionary leaders who share our commitment to building a financial system that works for everyone and we are thrilled to welcome them to the team.”
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