22. Tala

cnbc.com:

Founder: Shivani Siroya (CEO)Launched: 2014Headquarters: Santa Monica, California Funding: $362.1 millionValuation: $800 million (PitchBook) Key technologies: Machine learning Industry: FintechPrevious appearances on Disruptor 50 List: 2 (No. 20 in 2021)

Fintech start-up Tala is continuing its mission to improve the financial health of underserved and underbanked populations.

Founded in 2011 by Shivani Siroya, the Santa Monica-based company uses its mobile platform to provide access to loans ranging from $10 to $500 to people in India, Mexico, the Philippines, and India. Using its Android app to create a credit profile for a user by looking at their texts, merchant transactions and other behavioral data to create a risk profile, Tala looks to approve loans within minutes compared to legacy banks or online lenders, who often rely on a credit score or a financial history check to determine eligibility.

In October, Tala closed a $145 million Series E funding round to further expand its borrowing, savings and money management options. At that time, Tala said it had lent more than $2.7 billion to more than six million people.

The company has raised more than $350 million in venture funding from investors including PayPal Ventures, GV, and Revolution Growth.

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