Tala bets on tech to serve underbanked in expansion plan

The move marks the latest international expansion for the global fintech, which is deploying its proprietary ‘Tala in a Box’ software platform to quickly establish operations...

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Tala, a financial technology firm, is expanding its operations into Latin America, starting with Guatemala, and plans to enter the Dominican Republic and Panama by the end of the year to serve the underbanked population.

Tala has disbursed approximately $7 billion in credit to over 12 million customers globally.
The expansion is spearheaded by Annstella Mumbi, General Manager of Tala-Kenya.
The company's technology uses alternative data to assess creditworthiness, allowing it to provide services to those without extensive formal banking histories.

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