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2.5 billion people around the world don’t have a credit score—here’s why that’s a problem

Tala’s vision is to build an equitable financial system that works for everyone. So far, the company has lent over $1 billion dollars to more than four million customers across three continents all via its smartphone app.

“Every person, regardless of where they are born, the gender they are born into, and the class they are born into, deserves access to fair, flexible services that allow them to move through the world confidently and responsibly. But that’s not how the world currently works,” Siroya says. “We started with a system for the excluded, in full belief that designing for those on the margins serves everyone.”

Tags

lending, emerging markets