Tala, the global financial infrastructure company claiming to deliver accessible financial services, is pleased to announce the closing of a $150 million debt facility with Neuberger Berman, a global investment management firm.
This facility will support the company’s rapidly growing business in Mexico.
Tala intends to use the proceeds from this facility to “enhance its lending capabilities and fuel its ongoing mission to deliver truly scalable, data-enabled financial infrastructure.”
With customers served globally and a robust technology platform powered by AI, Tala says that it continues “to innovate and create impactful solutions that are reshaping the financial landscape in key global markets.”
With initial committed capital of $75 million, the facility enables Tala to draw up to $150 million, “making this Tala’s largest capital markets transaction to date and underscoring the strength of its operations and growth trajectory in Mexico.”
Since launching its Mexico operations in 2017, Tala says it has made strides in offering accessible, data-first financial solutions “to consumers looking to build credit and unlock economic opportunities, including building new businesses and bolstering consumer spending.”
Shivani Siroya, CEO and Founder of Tala said:
“We are excited to announce this landmark debt facility, which not only reflects Tala’s growing success in Mexico but also signals the significant potential we see in the market going forward. This funding will enable us to further expand our innovative, mobile-first financial platform with a focus on our credit portfolio, while also enabling future financial service options. The support from Neuberger Berman’s Specialty Finance team and our investors affirm the strength of our business and the opportunities ahead.”
Peter Sterling, Head of Neuberger Berman’s Specialty Finance group said:
“This facility is a testament to the confidence that Neuberger Berman has in Tala’s leadership and operational expertise. Tala has demonstrated an impressive track record in delivering innovative financial solutions with deep data insights that sets it apart from existing financial institutions and regional neobanks. We are proud to support Tala’s continued growth and success.”
As Tala looks ahead, the company aims to “accelerate its reach, innovate further, and deepen its impact in markets like Mexico and beyond.”
Tala is a financial infrastructure company “delivering the most accessible financial services.”
It is grounded by a thesis: that traditional financial solutions “overlook heaps of alternative data that can be used to serve people.”
Launched in 2014, Tala has built vertically-integrated financial infrastructure powered by the “expansive warehouse of proprietary data.”
The company has delivered “more than $6 billion” in credit to more than 10 million customers who have used Tala products “to start and expand small businesses, manage day-to-day needs, and pursue their financial goals.”
Tala claims that it has so far raised nearly “half a billion dollars in equity and debt from visionary investors including Upstart, IVP, Revolution Growth, Kindred Ventures, Lowercase Capital, and PayPal Ventures.”