Investors pump Sh16.1 billion in Tala

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Tala has received $145million (Sh16.1 billion) funding from a list of investor-led by  Upstart and the Stellar Development Foundation.

New investors Kindred Ventures and the J. Safra Group, along with existing investors including IVP, Revolution Growth, Lowercase Capital, and PayPal Ventures also joined the round, which brings Tala’s total funding to more than $350 million( Sh38.8 billion).

The firm intends to use the funds to accelerate the rollout of its new financial account experience, which provides customers with fresh tools to borrow, save and manage their money.

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