Sunday, 6 July 2025
26.4 C
Singapore
29.3 C
Thailand
20.4 C
Indonesia
29.1 C
Philippines

In brief: PayPal-backed money lender Tala raises US$110M to enter India

Tala, a Santa Monica, California-headquartered startup that creates a credit profile to provide uncollateralized loans to millions of people in emerging markets, has raised US$110 million in a new financing round to enter India’s burgeoning fintech space. The Series D financing for the five-year-old startup was led by RPS Ventures, with GGV Capital and previous […]
  • Tala, a Santa Monica, California-headquartered startup that creates a credit profile to provide uncollateralized loans to millions of people in emerging markets, has raised US$110 million in a new financing round to enter India’s burgeoning fintech space.
  • The Series D financing for the five-year-old startup was led by RPS Ventures, with GGV Capital and previous investors IVP, Revolution Growth, Lowercase Capital, Data Collective VC, ThomVest Ventures and PayPal Ventures also participating in the round.
  • The new round, which takes the startup’s total fundraising to more than US$215 million, valued it above US$750 million.
  • Tala has also raised an additional US$100 million in debt, including a US$50 million facility led by Colchis in the last year.
  • Tala looks at a customer’s texts and calls logs, merchant transactions, overall app usage and other behavioral data through its Android app to build their credit profile. 
  • Based on these pieces of information, its machine learning algorithms evaluate the individual risk and provide instant loans in the range of US$10 to US$500 to customers.
  • This model is different from how banks and most other online lenders assess a person’s eligibility for a loan. Banks look at a user’s credit score while most online lenders check the financial history.
  • Tala is also much faster. It approves loans within minutes and disburses the money via mobile payment platforms.

Hot this week

Seagate Ultra Touch external HDD review: A stylish storage solution with the planet in mind

The Seagate Ultra Touch external HDD offers up to 5TB of secure, stylish storage with USB-C connectivity, built-in encryption, and eco-friendly design.

Josys introduces AI-powered risk analyser and automation workflows to enhance IT security and governance

Josys launches AI-powered risk analyser and identity workflows to improve SaaS governance, security, and operational efficiency for IT teams.

Secretlab teams up with Genshin Impact for first Liyue-inspired chair and desk collection

Secretlab reveals its first Genshin Impact collection, which includes Liyue-themed chairs and a desk inspired by Xiao, Ningguang, and the Lantern Rite.

Apple could launch a low-cost MacBook with an iPhone chip by 2026

Apple may release a cheaper MacBook with an iPhone chip, possibly launching in late 2025 with the A18 Pro and four colour options.

Xiaomi opens new store at City Square Mall and launches Shopee presence in Singapore

Xiaomi opens its ninth store in Singapore at City Square Mall and launches its official Shopee store with promotional offers across both platforms.

China to invest in Brazil-led global forest fund, signalling shift in climate finance

China may invest in Brazil's global forest fund, signalling a shift in climate finance and broader support from emerging economies.

Trump says talks with China on TikTok deal to begin this week

Trump says TikTok deal talks with China will begin this week, with possible involvement from President Xi or his team.

DeepSWE, powered by Alibaba’s Qwen3-32B, outperforms rivals in global benchmark

Alibaba’s open-source Qwen model powers DeepSWE to global victory in AI agent rankings, signalling a shift in open-weight AI innovation.

E Ink transforms laptop touchpads into smart e-reader displays for AI use

E Ink’s new touchpad brings e-reader tech to laptops, offering a low-power screen for AI apps and assistants right under your fingertips.

Related Articles

Popular Categories