Tala, a global financial infrastructure company based in California, has secured a US$150 million debt facility with investment management firm Neuberger Berman.
The funding will support Tala’s expanding business in Mexico.
With an initial committed capital of US$75 million, the facility allows Tala to access up to US$150 million, marking its largest capital markets transaction to date.
Since launching in Mexico in 2017, Tala has provided financial services to millions of consumers seeking to build credit and improve economic opportunities.
The company plans to use the proceeds to strengthen its lending capabilities and develop its AI-powered financial platform.
“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,”
said Shivani Siroya, CEO and Founder of Tala.
“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 affirms the strength of our business and the opportunities ahead.”
Peter Sterling, Head of Neuberger Berman’s Specialty Finance group, said,
“Tala has demonstrated an impressive track record in delivering innovative financial solutions with deep data insights that set it apart from existing financial institutions and regional neobanks. We are proud to support Tala’s continued growth and success.”
Featured image credit: edited from YouTube
