Alphabet-backed microfinance provider Tala secured $50m in a Revolution Growth-led series C round and another $15m in debt financing.
Tala, a US-headquartered small loan provider backed by technology conglomerate Alphabet, raised $50m on Tuesday in a series C round led by investment firm Revolution Growth.
Institutional Venture Partners (IVP), Data Collective, Lowercase Capital, Ribbit Capital and Female Founders Fund also took part in the round, which was closed concurrently with $15m in debt financing. Steve Murray of Revolution Growth will join Tala’s board of directors.
Founded in 2011 as InVenture, Tala operates a microfinance and credit scoring service that…
