• Latest
  • All
  • How To
Online Lender Tala Raises KES 16 Billion for Expansion and Crypto Launch

Online Lender Tala Raises KES 16 Billion for Expansion and Crypto Launch

October 15, 2021
Microsoft

Microsoft Slashes 9,100 Jobs in Biggest Layoffs Since 2023

July 4, 2025
NASA

NASA Brings Space Missions to Netflix at No Extra Cost

July 3, 2025
ios 26-facetime

iOS 26 May Pause Video if You Start Undressing on FaceTime

July 3, 2025
apple iphone foldable

Apple Begins Testing Its First Foldable iPhone

July 3, 2025
DHgate Tablet Cases deals
Mobile Data

Kenya Draws More Tourists as Mobile Data Roaming Soars

July 3, 2025
Axian Telecom Considers Full Acquisition of Jumia

Axian Telecom Is Plotting a Full Buyout of Jumia

July 3, 2025
Cable TV

Kenya’s Cable TV Market Rebounds with 31.5% Growth

July 3, 2025
Premier League and Microsoft Announce Strategic AI Partnership for Enhanced Fan Engagement

Football Meets AI as Microsoft Joins Forces with the EPL

July 3, 2025
SMS

Kenyans Ditch SMS in Favor of WhatsApp and Chat Apps

July 1, 2025
DeepSeek_vs_ChatGPT

Hackers Build Malware That Tries to Reprogram AI Security Tools

July 1, 2025
Satellite Internet

Satellite Internet in Kenya Records 9.9% Decline in Users

July 1, 2025
Safaricom Ethiopia Celebrates Big Win with 10 Million Customers

Safaricom Ethiopia Celebrates Big Win with 10 Million Customers

July 1, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

Online Lender Tala Raises KES 16 Billion for Expansion and Crypto Launch

Kenn Abuya by Kenn Abuya
October 15, 2021
in News
Reading Time: 2 mins read
259
0

Tala is one of the leading fintech firms in Kenya. Launched in the state in 2014, the company, along with the likes of Branch, is one of the few services that started offering unsecured loans to locals thanks to the ease of disbursal via M-PESA.

Over the years, we have seen the space grow, and is heavily funded.

Tala, today, has announced that it has received $145 million in a Series E round.

The funds, which translate to about KES 16.1 billion, will see the company expand its workforce in four new markets.

Tala is also working on new products, including crypto with the Stellar Network.

Tala adds that it will reinforce its teams in Kenya, Mexico, the Philippines, India, and the US.

The funding round was led by Artificial Intelligence lending platform Upstart and the Stellar Development Foundation.

New investors also participated in the round, including Kindred Ventures and the J. Safra Group, along with existing investors including IVP, Revolution Growth, Lowercase Capital, and PayPal Ventures also joined the round, bringing its total funding to more than $350 million.

Furthermore, Tala adds that the funds will see it spruce up new financial account experiences, which offers customers fresh tools to borrow.

Tala also allows customers to save and manage their money.

So far, the firm has disbursed more than $2.7 billion in loans to more than 6 million customers in the countries it operates in.

Daily, it receives more than 12K new customer sign-ups.

Following the transaction, Paul Gu, co-founder of Upstart, and Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation have joined Tala’s board of directors.

“Tala has spent the past seven years delivering critical and valued services in markets where the financial system is fundamentally broken for millions of people. This new investment will accelerate our path to becoming the primary financial account for the global underbanked and helping millions more people make progress in their financial lives,” said Shivani Siroya, founder and CEO, Tala.

“We are excited to build upon the incredible foundation we have established as one of the most customer-centric, inclusive and most loved fintech brands in Kenya. This investment will secure our ability to continue innovating and driving the creation of new, relevant products for the Kenyan market and beyond,” said Ivan Mbowa, Tala East Africa Managing Director.

Tags: Tala
SendShare147Tweet92
Kenn Abuya

Kenn Abuya

Kenn Abuya is a friend of technology, with bias in enterprise and mobile tech. Share your thoughts, tips and hate mail at [email protected]

Related Posts

Annstella Mumbi Tala's New General Manager

Annstella Mumbi Takes the Reins as General Manager for Tala Kenya

October 24, 2023
Tala Disburses Over 3.5m Loans in Kenya Worth KES 240 Billion

Tala Disburses Over 3.5m Loans in Kenya Worth KES 240 Billion

February 22, 2023
Why TALA Has Not Been Licensed by CBK

Why TALA Has Not Been Licensed by CBK

September 19, 2022
Tala Becomes First Digital Lender to Bag Data Controller Approval

Tala Becomes First Digital Lender to Bag Data Controller Approval

September 8, 2022
[STATEMENT FROM OPERA] Once a Legendary Company, Opera is On the Verge of a Shameful Ending with Fraudulent Loan Apps

Google’s Policing of Rogue Mobile Loan Apps is Hardly Effective and It Shows

January 24, 2020
KCB CEO Joshua Oigara

Recent Interest Hike Erodes KCB M-PESA Customer Loyalty

November 5, 2019

Latest

Microsoft

Microsoft Slashes 9,100 Jobs in Biggest Layoffs Since 2023

July 4, 2025
NASA

NASA Brings Space Missions to Netflix at No Extra Cost

July 3, 2025
ios 26-facetime

iOS 26 May Pause Video if You Start Undressing on FaceTime

July 3, 2025
apple iphone foldable

Apple Begins Testing Its First Foldable iPhone

July 3, 2025
Mobile Data

Kenya Draws More Tourists as Mobile Data Roaming Soars

July 3, 2025
Axian Telecom Considers Full Acquisition of Jumia

Axian Telecom Is Plotting a Full Buyout of Jumia

July 3, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

Microsoft Slashes 9,100 Jobs in Biggest Layoffs Since 2023

July 4, 2025

NASA Brings Space Missions to Netflix at No Extra Cost

July 3, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Abductions and Arrests! Kenyan Government’s Fear and Hate of X Users Makes No Sense

Actors and Film Crews Are Worried About Veo 3 Taking Their Jobs

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

More News

Kenya’s Cable TV Market Rebounds with 31.5% Growth

Football Meets AI as Microsoft Joins Forces with the EPL

Kenyans Ditch SMS in Favor of WhatsApp and Chat Apps

Hackers Build Malware That Tries to Reprogram AI Security Tools

Satellite Internet in Kenya Records 9.9% Decline in Users

Safaricom Ethiopia Celebrates Big Win with 10 Million Customers

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.