Microlender Tala lands $150 million debt facility to expand Mexico business

U.S.-based fintech Tala, which grants small-sized loans to clients in emerging markets, has secured a $150 million debt facility to expand its business in Mexico, it said on Wednesday. Many of Tala’s clients in Mexico are small-business owners, chief executive and founder Shivani Siroya said, and the lender plans to allocate a portion of the fresh funds to better serve them. According to Mexico’s statistics agency, some 99% of firms in the nation are defined as micro, small or medium-sized businesses.Read More