Santa Monica, California-based Tala, maker of a smartphone app that provides credit scoring, lending and other personalized financial services for underserved consumers, has raised a $50 million Series C round led by Revolution Growth. Others participating in the round include existing investors IVP, Data Collective, Lowercase Capital, Ribbit Capital and Female Founders Fund. The company, founded by CEO Shivani Siroya in 2011, also recently raised an additional $15 million in debt as it aims to grow its business in Mexico and India. Tala has now raised a total of $105 million in financing. As part of the latest investment, Steve Murray, managing partner at Revolution Growth, has joined the board.
Source: Press release