{"id":51220,"date":"2021-10-14T18:02:15","date_gmt":"2021-10-14T15:02:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51220"},"modified":"2025-09-02T22:28:42","modified_gmt":"2025-09-02T19:28:42","slug":"tala-working-with-circle-and-stellar-raises-145-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tala-working-with-circle-and-stellar-raises-145-million\/","title":{"rendered":"Tala, working with Circle and Stellar, raises $145 million"},"content":{"rendered":"<p>The fintech startup Tala has raised $145 million in funding to expand its financial services and develop a cryptocurrency product for developing markets.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re proud to announce we\u2019ve raised $145 million in Series E funding to continue building the world\u2019s most accessible financial services. Welcome <a href=\"https:\/\/twitter.com\/Upstart?ref_src=twsrc%5Etfw\">@Upstart<\/a> &#038; <a href=\"https:\/\/twitter.com\/StellarOrg?ref_src=twsrc%5Etfw\">@StellarOrg<\/a>! And thank you <a href=\"https:\/\/twitter.com\/KindredVentures?ref_src=twsrc%5Etfw\">@KindredVentures<\/a>, J. Safra Group, <a href=\"https:\/\/twitter.com\/IVP?ref_src=twsrc%5Etfw\">@IVP<\/a> <a href=\"https:\/\/twitter.com\/revolution?ref_src=twsrc%5Etfw\">@revolution<\/a> <a href=\"https:\/\/twitter.com\/Lowercase?ref_src=twsrc%5Etfw\">@Lowercase<\/a> &#038; <a href=\"https:\/\/twitter.com\/PayPal?ref_src=twsrc%5Etfw\">@PayPal<\/a> <a href=\"https:\/\/t.co\/MJy7Eza1Z7\">https:\/\/t.co\/MJy7Eza1Z7<\/a> <a href=\"https:\/\/t.co\/CWYn7nRDMr\">pic.twitter.com\/CWYn7nRDMr<\/a><\/p>\n<p>\u2014 Tala (@talamobile) <a href=\"https:\/\/twitter.com\/talamobile\/status\/1448615760075624457?ref_src=twsrc%5Etfw\">October 14, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>The Series E round for Tala was led by lending platform Upstart. Other participants included the Stellar Development Foundation, IVP, Revolution Growth, PayPal Ventures and Lowercase Capital. New investors included Kindred Ventures and J. Safra Group.<\/p>\n<p>The total funding raised by the startup surpassed $350 million, and its market valuation reached $800 million.<\/p>\n<p>Tala provides financial services to the unbanked through a mobile app for retail lending.<\/p>\n<p>According to the company, more than 6 million people have used the platform. They borrowed over $2.7 billion in Kenya, the Philippines, Mexico and India to start or expand small businesses, as well as for consumer needs.<\/p>\n<p>In May 2021 Tala <a href=\"https:\/\/u1f987.com\/en\/news\/tala-teams-up-with-visa-and-circle-to-let-customers-pay-with-usdc\">began a partnership<\/a> with the payments platform Visa to give customers the ability to pay for goods and services using the USD Coin (USDC) stablecoin. <\/p>\n<p>Additional partners included Circle, the issuer of the coin, and the Stellar Development Foundation, which is behind the Stellar blockchain project.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe are using the investments to accelerate the development of our financial accounts system, which provides tools for saving, compounding, and managing money. We will also work on one of the first mass-market cryptocurrency products for developing-market countries,\u201d Tala said.<\/p>\n<\/blockquote>\n<p>Earlier, the crypto-payments startup MoonPay <a href=\"https:\/\/u1f987.com\/en\/news\/media-moonpay-valued-at-3-4-billion-after-first-funding-round\">raised $400 million in its first funding round<\/a> at a $3.4 billion valuation.<\/p>\n<p>Follow ForkLog News on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fintech Tala raised $145 million to expand financial services and develop a cryptocurrency product for developing markets.<\/p>\n","protected":false},"author":1,"featured_media":51221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1133],"class_list":["post-51220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=51220"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51220\/revisions"}],"predecessor-version":[{"id":51222,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51220\/revisions\/51222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/51221"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=51220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=51220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=51220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}