L.A. fintech startup Tala raises $65 million to expand mobile micro loans


Ten dollars doesn’t sound like a lot of money in the U.S. You might lend 10 bucks to a friend for lunch and not bat an eye.

But it can make a world of difference to small-business owners in markets such as Kenya.

Fintech startup Tala launched its mobile lending app in that African country in 2014 and, with expansions to Tanzania, the Philippines and Mexico, has delivered more than 6 million loans to nearly 1.3 million customers totaling $300 million.

Now the Silicon Beach company has raised…

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