Global financial technology firm Tala landed a spot on the Forbes Fintech 50 and CNBC’s Disruptor 50 lists, highlighting its efforts to provide personalized and tailored financial services to the underbanked population worldwide.
Tala has been in the Forbes prestigious Fintech 50 list for the 8th consecutive year and on the CNBC Disruptor 50 list for five straight years.
Forbes lauded Tala for how it rebuilt its infrastructure to cut the time it takes for most customers to get approved for a loan from two minutes to just a few seconds.
Meanwhile, CNBC said that Tala is disrupting legacy finance in developing markets with its loans, credit, insurance and bill pay to consumers who lack access to banks, insurers and lenders, and who lack a financial track record
Tala founder and CEO Shivani Siroya said that Tala is working towards “unleashing the $10 trillion worth of economic power of the Global Majority with the latest technology.”
Here in the Philippines, Tala has served nearly three million individuals with accessible financial solutions.
“We actively advocate for financial literacy and forge partnerships with aligned organizations committed to enhancing financial service accessibility,” said Tala Philippines general manager Moritz Gastl.
Tala has given more than 40 million loans totaling more than 4 billion USD to more than 8 million people across three different continents.
