Tala was founded by current CEO Shivani Siroya in October 2011. By 2019, the company had raised more than $200 million from ten funding rounds. A smartphone lending application, Tala offers instant credit scores to people living in underrepresented markets. Tala offers its services through the use of a mobile application that’s available for Android devices. Since 2018, the company has granted more than $225 million in microloans. In 2013, Shivani Siroya was named an Ashoka Fellow, a fellowship that recognizes individuals for their innovative solutions to social problems.
Tala offers career paths in areas such as product management, software engineering, credit analyst, product design, and more. Its people are passionate about giving financial freedom to underserved people across the world, and Tala believes that its workforce should represent its global customer base. As such, Tala is focuses on building a diverse team and inclusive culture, and frequently offers its employees chances to travel to some of the markets it serves.
Tala uses an automated credit evaluation method to collect alternative data from its customers in an effort to eliminate the potential bias that might come from in-person bank lending. This method automatically removes factors such as race or gender from the lending process, attributes that Tala believes greatly impacts billions of deserving people by excluding them from the financial system. Tala also promises that, since this type of information is not collected from its potential or existing customers, it can never be shared with third parties.
1633 26th St.
Santa Monica, CA 909404
CEO: Shivani Siroya
$41,919 - $117,138
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