Making a Difference — and Making Profits

While Tala has a strong mission, Siroya also wants to build a successful, for-profit company. She wants to transform lives and tap into the 3 billion potential customers in the emerging global middle class.
https://www.forbes.com/sites/marissaperetz/2019/03/21/making-a-difference-and-making-profits/#36db3865529b

Venture Out: Shivani Siroya, CEO of Tala

Shivani Siroya founded Tala after spending time in emerging markets and found that mobile tech is the best way to solve this problem she was passionate about. Tala provides microloans to people in emerging markets who are unable to secure credit through traditional banks. They use nontraditional data pulled from mobile phones and have extended credit to over 1.3 million customers.
https://www.nasdaq.com/article/venture-out-shivani-siroya-ceo-of-tala-cm1024377

Give People Some (Micro) Credit—and Transform Their Lives

These individuals didn’t have credit scores. So I looked at other things. I lent to one woman, for instance, who I knew saved 30 percent of her income every month for her son’s computer class. I’d observed that she bought her inventory every third Thursday of the month, and that people in her community spent more time in her store than a
https://www.wired.com/story/wired25-melinda-gates-shivani-siroya-credit-loans/

Fintech startup Tala opens first engineering hub in India in Bengaluru

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.
https://www.peoplemattersglobal.com/news/hiring/fintech-startup-tala-opens-first-engineering-hub-in-india-in-bengaluru-18590

For Success Beyond The Bottom Line, These Women Executives Lead With Purpose

In the realm of capital, Shivani Siroya’s micro-finance venture Tala is funding developing-world business owners who would usually be considered too risky by the traditional standards of credit bureaus or who would not be tracked at all. Tala landed on Forbes’ Fintech 50 2018 list of disrupters, with $109 million raised and 4.5 million loans initiated, with a repayment rate of 90%.
https://www.forbes.com/sites/katherinelove/2018/06/20/for-success-beyond-the-bottom-line-these-women-executives-lead-with-purpose/#5f133cf740ca

How ex-UN staff got data for credit app Tala

Today, the micro lender has serviced more than 4.5 million loans and has lent out Sh25 billion ($250 million) to its customers in Kenya, Tanzania, Philippines and Mexico. “Repayment rates are at 92 per cent with eight per cent accounting for the slow payers. Interestingly, 95 per cent of our clients are repeat customers,” said Ms Siroya, a graduate of Columbia University.
https://www.businessdailyafrica.com/corporate/tech/4258474-4286464-o0sgn9z/

Interview with Shivani Siroya, Tala

In emerging markets and the developing world, access to banking, capital, and financial resources is far more difficult than here in the U.S., due to a less developed financial system, lack of credit tracking, and oftentimes and informal economy. Santa Monica-based Tala, backed by Google Ventures and Lowercase Capital, has developed a tool that allows anyone with a cell phone to build a financial track record, specially for people in emerging markets.
http://www.socaltech.com/interview_with_shivani_siroya_tala/s-0068771.html

TED Talk – A smart loan for people with no credit history (yet)

Trust: How do you earn it? Banks use credit scores to determine if you’re trustworthy, but there are about 2.5 billion people around the world who don’t have one to begin with — and who can’t get a loan to start a business, buy a home or otherwise improve their lives. Hear how TED Fellow Shivani Siroya is unlocking untapped purchasing power in the developing world with InVenture, a start-up that uses mobile data to create a financial identity. “With something as simple as a credit score,” says Siroya, “we’re giving people the power to build their own futures.”
http://www.ted.stfi.re/talks/shivani_siroya_a_smart_loan_for_people_with_no_credit_history_yet?sf=earaad#t-27750