Tala, the global financial infrastructure company delivering the world's most accessible financial services, is proud to announce the successful closing of a US$150 million debt facility with Neuberger Berman, a global investment management firm.
This facility will support the company's rapidly growing business in Mexico.
Tala intends to use the proceeds from this facility to enhance its lending capabilities and fuel its ongoing mission to deliver truly scalable, data-enabled financial infrastructure. With more than 10 million customers served globally and an increasingly robust technology platform powered by AI, Tala continues to innovate and create impactful solutions that are reshaping the financial landscape in key global markets.
With initial committed capital of US$75 million, the facility enables Tala to draw up to US$150 million, making this Tala's largest capital markets transaction to date and underscoring the strength of its operations and growth trajectory in Mexico. Since launching its Mexico operations in 2017, Tala has made tremendous strides in offering accessible, data-first financial solutions to millions of consumers looking to build credit and unlock economic opportunities, including building new businesses and bolstering consumer spending.
"We are excited to announce this landmark debt facility, which not only reflects Tala's growing success in Mexico but also signals the significant potential we see in the market going forward," said Shivani Siroya, CEO and Founder of Tala. "This funding will enable us to further expand our innovative, mobile-first financial platform with a focus on our credit portfolio, while also enabling future financial service options. The support from Neuberger Berman's Specialty Finance team and our investors affirm the strength of our business and the opportunities ahead."
"This facility is a testament to the confidence that Neuberger Berman has in Tala's leadership and operational expertise," said Peter Sterling, Head of Neuberger Berman's Specialty Finance group. "Tala has demonstrated an impressive track record in delivering innovative financial solutions with deep data insights that sets it apart from existing financial institutions and regional neobanks. We are proud to support Tala's continued growth and success."
As Tala looks ahead, the company is excited to accelerate its reach, innovate further, and deepen its impact in markets like Mexico and beyond.