Headquartered in Santa Monica, California, Tala was founded by Shivani Siroya, an Indian-origin entrepreneur in 2012. The startup aims to broaden access to credit and financial services by harnessing non-traditional data. Tala’s proprietary credit model leverages alternative data and state-of-the-art machine learning techniques to assess the creditworthiness of thin-file customers.
The hub comes as Tala is now expanding into India and Mexico. Tala plans to build India as the hub for its Asian operations and the Bengaluru team will play an integral role in executing Tala’s vision for the market in the region. The team will focus on developing high impact, cutting-edge products, right from the conceptualization stage.
The startup which has raised over $105 Mn in funding from investors such as Ribbit Capital, Lowercase Capital, Collaborative Fund and Female Founders Fund, has additional offices in Mumbai, Bengaluru, Nairobi, Dar Es Salaam, Manila and Mexico City. Tala currently employs over 250 people across its offices.