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

Kylie Madry

Wed, Mar 19, 2025, 6:04 AM 2 min read

By Kylie Madry

MEXICO CITY (Reuters) - U.S.-based fintech Tala, which grants small-sized loans to clients successful emerging markets, has secured a $150 cardinal indebtedness installation to grow its concern successful Mexico, it said connected Wednesday.

WHY IT'S IMPORTANT

Many of Tala's clients successful Mexico are small-business owners, main enforcement and laminitis Shivani Siroya said, and the lender plans to allocate a information of the caller funds to amended service them.

According to Mexico's statistic agency, immoderate 99% of firms successful the federation are defined arsenic micro, tiny oregon medium-sized businesses.

KEY QUOTES

"This superior is for the maturation of our Mexico business," Siroya told Reuters up of the announcement. "As we deliberation astir however to widen access, it's ... starting to speech astir antithetic platforms, embedded partnerships."

"The 2nd portion is, however bash we supply much value?" she said. "So whether that's higher (credit) limits, much dynamic pricing, starting to deliberation astir circumstantial recognition products."

CONTEXT

The indebtedness facility, which starts astatine $75 cardinal and allows Tala to gully up to $150 million, was issued with funds managed by U.S. concern steadfast Neuberger Berman, Tala said successful a statement.

BY THE NUMBERS

Tala - which has much than 10 cardinal clients globally - has much than 3 cardinal clients successful Mexico, Siroya said, and signed disconnected connected much than $500 cardinal successful loans successful the state successful 2024.

Tala's mean indebtedness size successful Mexico comes successful astir 2,300 pesos ($115.41), she added.

WHAT'S NEXT

Siroya said determination was "more to travel this year" for Tala's operations elsewhere successful Latin America. At the moment, Mexico is the firm's lone Latin American market, though it besides operates successful Southeast Asia and East Africa.

($1 = 19.9298 Mexican pesos)

(Reporting by Kylie Madry; Editing by Sandra Maler)