Tala grabs $110m in Series D funding round led by RPS Ventures

US-based digital lending company Tala has closed a $110m Series D round to help three billion underbanked adults get a loan.

RPS Ventures, the venture capital firm that backed Indian InsurTech 100 company Acko General in March 2019, led the round. Other investors included VCs GGV Capital, Revolution and Lowercase Capital.

The company will use the  money to help three billion adults around the world get the chance to grow their money. It will also be used to expand its operations into India and to develop new services.

Tala netted a $50m Series C round back in April 2018 and a $30m Series B round in February 2017.

In June this year, FinTech Global revealed that investment marketplace lending companies jumped from $3bn in 2014 to $5.24bn in 2018.

Copyright © 2019 FinTech Global

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