IVP led the Series B, joined by Ribbit Capital, with additional participation from existing investors Lowercase Capital, Data Collective and Collaborative Fund. Currently operating in East Africa and Southeast Asia, Tala, née InVenture, aims to improve financial access to an emerging middle class that has been operating outside the formal economic sector. Its Android app aggregates more than 10,000 data points on a customer’s device, from financial transactions and savings to network diversity and geographic patterns. Tala uses that information to build a customized credit score. Then users can apply for a loan and get an instant decision. Credit is disbursed directly to the customers’ mobile money accounts in less than five minutes, and they can repay them in the app.

http://www.bizjournals.com/losangeles/news/2017/02/22/tala-raises-30-million-to-help-users-build-credit.html