Mobile loan service provider Tala spreads wings to Latin America

Nairobi, Kenya – Tala, a global mobile loan service provider, has announced its expansion to Latin America.

Tala expansion drive

The company, leveraging AI to deliver financial services to customers around the world, launched its services in Guatemala, with plans underway to enter the Dominican Republic and Panama by the end of 2025.

Announcing the expansion drive, Tala Kenya General Manager Annstella Mumbi noted that the fintech leverages its scalable and flexible proprietary software, Tala in a Box, for rapid geographic expansion.

“While most adults in Latin America have access to financial products, they still lack access to essential ones like credit. Tala addresses this gap through an integrated solution that combines the intelligence of a credit bureau, the payments execution of a fintech company and the relationship expertise of a bank to scale responsible financial access,” read a statement from Tala in part.

To date, Tala has served over 12 million customers, with two million customers added this year, and disbursed about $7 billion in credit.

In Mexico, the company has provided 20 million loans to nearly four million customers over the past eight years, making it Tala’s fastest-growing market.

“Through our experience serving the Mexican market, we have developed deep insights in the region and found that existing services still don’t serve the majority of the population. We have the technology and products to change that,” said Mumbi in the statement seen by News 9.

How Tala leverages technology

The company’s growth is fuelled by its proprietary technology, designed to meet the unique financial needs of underserved populations.

Tala in a Box unlocks rapid geographic expansion by enabling Tala to scale across new markets simultaneously.

This end-to-end financial supply chain includes Tala InSight, the company’s patent-pending AI model and financial identity capabilities, along with transfers, payments, and rails abstraction services.

Tala has already introduced millions of new consumers to global financial markets. Earlier this year, the company shared it is building on a 3-year revenue CAGR of 35%.

This expansion into Latin America marks a new phase of growth at Tala, powered by advanced technology and a decade of experience serving the global majority across three continents.