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Tala raises $110 million in Series D funding for Indian expansion

US-based microlender Tala has raised $110 million in its Series D funding round led by RPS Ventures, Jerry Yang (Yahoo!’s co-founder) and  Joseph Tsai’s Blue Pool Capital (Alibaba’s co-founder). It also included previous investors including IVP, Revolution Growth, Lowercase Capital, Data Collective VC, ThomVest Ventures and PayPal Ventures.

The microlender has stated that the fresh funds will be utilized for its expansion plans in the Indian market. Tala also plans to enhance its service offerings by launching new products on its platform as well as expand its team across Kenya, Mexico, the Philippines, India, and the US.

Kabir Misra, the Founding General Partner at RPS Ventures has joined Tala’s Board of Directors, as a part of the Series D round.

Tala’s product enhancements aim to further its goal of providing financial access to the unbanked population. It has stated that its core credit business has tripled to over $1 billion dollars and around four million customers.

Established in 2013 in California, Tala is a mobile technology and data science company that provides credit scoring, lending and other financial services on its smartphone app.

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