Tala Gets $30M In New Funding Round

Los Angeles-based Tala, the fintech startup led by Shivani Siroya, is announcing this morning that it has raised $30M more in a Series B funding round. The funding was led by IVP, and also included Ribbit Capital, along with Lowercase Capital, Data Collective, and Collaborative Fund. Jules Maltz of IVP joins the company's board with the funding. Tala is developing mobile technology which uses the patterns and information available on the cell phones of users in developing countries, to help with credit scoring and to assess financial risk. The startup currently provides it services in East Africa and Southeast Asia, and is focused on providing better financial access to loans and credit to the emerging middle class. More information »