Tala Secures $150 Million to Expand Lending in Mexico

Expansion of Services for Small Businesses

U.S.-based fintech company Tala has secured a $150 million debt facility to expand its operations in Mexico. Many of its clients in the country are small-business owners, and a portion of the funding will be allocated to better serve them.

Importance of Small Businesses in Mexico

According to Mexico’s statistics agency, 99% of businesses in the country are classified as micro, small, or medium-sized enterprises. Tala aims to provide more financial support to these businesses by increasing credit limits and developing new credit products.

Loan Facility and Funding Details

The debt facility, which begins at $75 million with an option to draw up to $150 million, was issued with funds managed by U.S. investment firm Neuberger Berman.

Tala’s Presence in Mexico

More than 3 million clients in Mexico
Over $500 million in loans issued in 2024
Average loan size of approximately 2,300 pesos ($115.41)

Future Plans

Tala is exploring opportunities to expand financial access through new platforms and partnerships. While Mexico is currently its only Latin American market, the company operates in Southeast Asia and East Africa, with potential for further regional growth.

“Tala Secures $150 Million to Expand Lending in Mexico”