Tala Secures $150M Debt Facility from Neuberger Berman to Fuel FinTech Expansion in Mexico
Tala, a leading global financial infrastructure company, has successfully secured a significant $150 million debt facility from Neuberger Berman, a prominent investment management firm. This funding is primarily aimed at accelerating Tala’s growth in Mexico, marking a pivotal moment in the company’s expansion strategy.
Details of the Debt Facility
The newly acquired debt facility consists of an initial committed capital of $75 million, with the potential to access up to $150 million. This transaction represents Tala’s largest capital markets endeavor to date, underscoring its operational strength and promising growth prospects in the region.
Tala’s Impact in Mexico
Since its launch in Mexico in 2017, Tala has been at the forefront of developing innovative, data-driven financial solutions. These solutions empower millions of consumers to:
- Build credit
- Support business ventures
- Enhance overall financial stability
With a customer base exceeding 10 million, Tala has facilitated more than $6 billion in credit across Latin America, Southeast Asia, and East Africa, leveraging alternative data sources to improve lending accessibility for individuals often overlooked by traditional financial institutions.
Future Expansion Plans
With the newly secured capital, Tala plans to:
- Strengthen its credit portfolio
- Further develop its mobile-first financial platform
Tala’s CEO and founder, Shivani Siroya, expressed her enthusiasm regarding this landmark debt facility, stating, “This funding will enable us to expand our innovative, mobile-first financial platform, focusing on our credit portfolio and future financial service options.”
Support from Neuberger Berman
Neuberger Berman’s head of specialty finance, Peter Sterling, emphasized the confidence that Neuberger Berman has in Tala’s leadership and operational expertise, stating, “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.”
This partnership not only highlights the strength of Tala’s business model but also signals the promising opportunities that lie ahead in the evolving financial landscape.
For more information about Tala and its innovative financial services, visit their official website at Tala and learn about their impact on financial accessibility.
For further insights into investment management, you can check out Neuberger Berman.
