Tala Expands Mexico Lending with $150M Facility

Tala, a U.S.-based fintech company, has secured a $150 million debt facility from Neuberger Berman to expand its operations in Mexico and enhance its lending capabilities. This transaction, Tala's largest capital markets deal to date, will support small-business owners, who form a significant portion of its client base in Mexico. Tala has over 3 million clients in Mexico and has issued loans exceeding $500 million in the country. The company aims to widen access through different platforms and partnerships, offering higher credit limits and dynamic pricing. With more than 10 million customers globally, Tala is leveraging AI and machine learning to provide data-driven financial services and plans to extend its innovative, mobile-first platform further.