GV-backed microfinance and credit scoring service provider Tala has increased its equity funding to $44m and plans to now expand in South Asia and Latin America.
Tala, a US-based microfinance provider backed by internet technology group Alphabet, secured more than $30m yesterday in a series B round led by venture capital and growth equity firm IVP.
IVP, previously known as Institutional Venture Partners, invested alongside Ribbit Capital. Lowercase Capital, Data Collective, Collaborative Fund and Female Founders Fund.
Founded in 2011 as InVenture, Tala provides 30-day microloans to customers in underbanked areas in East Africa and Southeast Asia. It has built an app that enables it to…
