Tala, a fintech company based in the United States that provides small loans to clients in developing countries, has announced securing a $150 million debt facility to expand its operations in Mexico. Shivani Siroya, the CEO and founder, emphasized the importance of serving small-business owners in Mexico and plans to use a portion of the new funds for this purpose. In Mexico, a large percentage of companies are classified as micro, small, or medium-sized businesses according to the country's statistics agency. The debt facility, arranged by U.S. investment firm Neuberger Berman, allows Tala to access up to $150 million. Tala, with over 10 million clients globally and more than 3 million clients in Mexico, issued loans totaling over $500 million in the country in 2024. Siroya also mentioned plans for further expansion in other Latin American countries besides Mexico, where Tala currently operates along with Southeast Asia and East Africa.
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