Fintech Platform Tala Secures $145M in Series E Funding Round

Tala, a digital financial services marketplace, announced recently that it has landed a $145 million Series E financing round, led by Upstart with participation from the Stellar Development Foundation.

In addition to existing participants IVP, Revolution Growth, PayPal Ventures, and Lowercase Capital, new investors Kindred Ventures and the J. Safra Group also joined.

The fintech plans to use the capital to enhance its services and accelerate the rollout of the new financial account experience, which offers fresh new tools to clients to grow, save, and manage  money.

Tala claims that it serves 6 million customers, and that more than 12,000 people sign up for Tala everyday. And the latest funding round makes the firm become the largest financial platform for the global underbanked.