Browsing: Paypal

Tala, the leading consumer lending app in emerging markets, has disbursed loans to over 2.5 million customers globally, in the wake of continued global expansion of financial technology. Tala, formerly Mkopo Rahisi, was launched in Kenya in 2014 becoming the first in the world to offer unsecured mobile loans direct to consumers. Tala has improved financial inclusion in Kenya by expanding credit access across Kenya by using alternative data to instantly underwrite and disburse credit to people who have been excluded from traditional finance due to lack of credit history or formal records.

Tala loans reach 2.5 million customers amid Fintech revolution

East Africa

Tala, the leading consumer lending app in emerging markets, has disbursed loans to over 2.5 million customers globally, in the wake of continued global expansion of financial technology.

READ:Kenyan fintech companies brace for sectors’ revolution

This was revealed on Monday during the celebrations to mark the company’s five year anniversary in Kenya.

When Tala, formerly Mkopo Rahisi, was launched in Kenya in 2014 becoming the first in the world to offer unsecured mobile loans direct to consumers.

Since then, Tala has expanded credit access across Kenya by using alternative data to instantly underwrite and disburse credit to people who have been excluded from traditional finance due to lack of credit history or formal records.

READ:Tala raises $30 million to expand into new markets

Speaking during the launch of ‘Tala at 5’ celebrations, the head of Tala’s Kenya business, Ivan Mbowa, noted that Tala has changed the way people …