Funding for Venture
Disclaimer: We have attempted to provide a shortlist of funding sources purely for your convenience. We recommend that you should make your own independent assessment to determine if these firms meet your needs.
Venture Capital
Sequoia Capital is one of the most popular, well-known venture capital firms available to tech startups. Understandably so, the firm has been providing funding for startups since 1972 and boasts tech giants such as Google, Apple, and Oracle as just a few of the firm’s wildly successful alumni.
Based in Silicon Valley, Andreessen Horowitz, also known as a16z, is a venture capital firm dedicated to funding late-stage startups that are innovating modern life (and the future) with the power of technology. The firm boasts over $16.6 billion in assets under management; some of its notable investments include Stripe and Libra.
Accel is one of the top venture capital firms that funds startups across all stages, from seed to growth stage. Some of Accel’s most noteworthy investments include Facebook, Dropbox, and Slack, with the firm boasting $3 billion under management globally.
Behind some of the most notable companies today is Kleiner Perkins. The venture capital firm boasts a portfolio featuring Amazon, Spotify, and DocuSign, to name only a handful, and their mission is to provide funding for startups and entrepreneurs that will make history.
For 50 years, Bessemer Venture Partners has been investing in industry-defining companies such as Pinterest, Shopify, and LinkedIn, to name a few. With close to $3.3 billion in assets under management today, the mission of this firm is to financially back startup entrepreneurs that will create lasting change and inform the future.
Khosla Ventures is a unique venture capital firm that prioritizes team-focused startups with disruptive products or ideas that will dramatically change an industry. With a seed fund and main fund, there are multiple avenues for startups to find funding through this firm. Some of their most notable investments, of the $5 billion the firm has under management, include Affirm, Chain, and Everlane.
The SoftBank Vision Fund is a venture capital fund founded in 2017 that is part of the SoftBank Group. With over $100 billion in capital, it is the world’s largest technology-focused investment fund. In 2019, SoftBank Vision Fund 2 was founded. The total fair value of both funds as of 31 March 2021 was $154 billion. Some notable investments include ByteDance, DoorDash, Flipkart, Kabbage, Lenskart, Nvidia, PolicyBazaar, Revolut, Slack, Uber, and more.
Social Capital, formerly known as Social+Capital Partnership, is a venture capital firm based in Palo Alto, California. The firm specializes in technology startups, providing seed funding, venture capital, and private equity. The firm has “stood out strategically”, according to Fortune, “with a focus on … healthcare, financial services and education … when those fields were … neglected by the VC community.” The firm has invested in several large companies, including but not limited to Slack.
Dell Technology Capital is the venture capital investment arm of Dell Technologies. The firm was founded in 2012 and is headquartered in San Francisco. The venture capital fund came out of stealth in 2017. It provides early stage capital to technology startups, as well as active board participation to help companies grow through corporate development. It has made investments in the storage, cloud computing, networking, security, machine learning, artificial intelligence, and Internet of Things sectors. From 2012-2019, Dell Technology Capital made 97 investments in companies and 42 exits that comprised $60 billion.
Intel Capital is the corporate venture capital arm of Intel and makes equity investments in innovative technology companies worldwide. Intel Capital invests in innovative startups targeting artificial intelligence, autonomous technology, data center and cloud, 5G, next-generation compute, and a wide range of other technology based companies. Intel Capital curates thousands of business development introductions each year, between its portfolio companies and the Global 2000. The firm was founded in 1991 and is headquartered in Santa Clara, California. Intel Capital, as a division of Intel Corporation, is set up to manage corporate venture capital, global investment, mergers, and acquisitions. Since 1991, Intel Capital has invested in 1,582 companies and with 692 portfolio companies having gone public or participating in a merger. The firm has invested USD $12.9 billion.
Manhattan Venture Partners (MVP) is a venture capital firm focused on the secondary direct market for late-stage venture-backed technology companies. MVP purchases shares from existing shareholders, such as employees, Angel investors, early-stage venture capitalists (VCs), traditional VCs, and more. MVP sells the shares to family offices, high-net worth individuals, and institutions interested in securing equity in late-stage private technology companies. As of June, 2021, MVP’s involvement in tech investments has helped produce over $2 billion in invested capital across more than thirty businesses, with over twenty liquidity events.
BluePointe Capital Management is an SEC-registered, independent, fee-only advisory firm located in San Mateo, CA. It has been in business since 2006. BluePointe Ventures is the venture capital arm of BluePointe Capital Management. They prefer to invest in companies they feel have innovative ideas or products and fund managers. The firm invests early with its fund-of-funds model which combines a direct investment model. BluePointe Ventures’ investments have included Cloudleaf, FrontdeskAI, Fortella, Tubi, Tekion, Postmates, Lyft, Next Force Technology, Wanderu, Avaamo and Estate Assist.
Pre-seed VC
Founded in 2019 and based in the Greater Indiana area, Twenty-Seven Ventures, also known as 27V, leads the first founding rounds for pre-seed startups building the future of learning and labor. While the firm is still relatively new with a one-person staff, it provides decent funds for startups to grow past the pre-seed stage. 27V usually invests up to $500,000 in global edtech startups, leading Pre-Seed rounds. It has ten investments, and its most recent investment was an undisclosed amount in March 2022 for Out of the Box Education, a new startup specializing in innovative high-tech educational tools. Other 27V profile companies include TopKnot, Fluents, New Campus, and Wethos. However, the firm actively seeks investments to help new startups grow in the edtech and robotics industries.
RareBreed Ventures is a pre-seed fund that invests in technology companies. It allows angel investors to become limited partners to receive substantial funds. The firm has 31 investments and helped raise $40 million in September 2022. Although it writes small checks up to $250,000, its financial services have benefited its clients, growing their startups through hard work and dedication. In addition, RareBreed has invested in 13 companies, including Beauty By Me, Thousand Fell, Matrix, Pugo Health, and Triangle.
2048 Ventures is a thesis-driven earliest-stage venture capital firm located in the greater New York Area. The firm is hyper-focused on helping visionary founders dedicated to building technologies of the future, investing money in early-stage mission-driven teams on their first-rounder journey. Unfortunately, 2048 doesn’t disclose an investment range publicly. Still, it has backed 200+ startups, including Acorn Finance, Path Spot, Recora Health, and Propensity, and has raised a total of $94 million across only two funds. One advantage the team has over many other early seed venture capital investors is its list of industry tycoon partners such as Stripe, Google, Shopify, and HubSpot.
Precursor Ventures is a Bay Area-based classic venture capital pre-seed investor supporting founders who have the potential to evolve in their specialized industries. The firm stands by its sector-agnostic pledge and deals with early seed startups for their beginning to mid stages. While Precursor doesn’t invest in deeptech and hardtech companies, it funds pre-product and pre-launch companies. It also leads pre-seed rounds up to $1 million, writes checks between $250,000 and $500,000, and has backed over 200 startups, including AnyRoad, Lingo Health, and Voice Ops. Aside from making 30–40 new investments per year, Precursor investors are open to meeting new teams to form professional connections and conduct business deals, mainly through website submissions and cold outreach.
Seed VC
SV Angel is a Seed VC firm that was founded in 2009 and is currently based in San Francisco, California. In addition to funding to assist businesses, the company offers a variety of other support options, which also include expert advice. Since the firm was founded just over a decade ago, it has managed a total of 5 investment funds. The use of these funds has allowed SV Angel to make a series of 1083 investments. From these investments, the company has successfully exited from 378.
BoxGroup is a Seed VC firm that was founded in 2009 and is currently based in New York, USA. The company focuses predominantly on technology startups during the early stages of their development. Specific industries include consumer, fintech, enterprise, health and many more. Since it was founded, the VC has managed a series of six investment funds. These funds have given BoxGroup the resources to make 494 investments since 2009. As a direct consequence of these investments, the business has exited from 96 so far.
8VC is an American Seed VC that was founded in 2015 and is currently based in San Francisco, California. The business aims to assist early-stage startups with funding and support in an effort to drive future innovations and improve the landscape for people worldwide. Since it was founded six years ago, the VC has managed a total of six investment funds. These funds have been put to good use as 8VC has made 278 investments in the time it has been trading. From these investments, the business has only exited from 19 so far.
AME Cloud Ventures is a VC firm that was founded in 2012 and is currently headquartered in Palo Alto, California. The company specializes in assisting businesses that use technology to create and manage data. Interestingly, the fund is led by the co-founder of Yahoo!, Jerry Yang. Since the firm was founded nine years ago, it has made a sizable number of investments, with the total coming to 255. It has also exited from a sufficient number of these investments, with the number standing at 54.
Angel Investing
AngelList has a large database of angel investors and startups, and it allows you to filter your search by location, industry, and more. There are over 5 million members on AngelList and over 100,000 startups, employers, and investors. Startups can even connect the platform to their social media accounts to receive recommendations to grow their network.
Using Gust, entrepreneurs gain access to a platform that includes everything they need to succeed and scale their businesses. There are over 80,000 investment experts and 800,000 companies all over the world that use Gust. This website has been used to raise over $50 billion in funding. Gust even includes a service called Accelerate, which assists in launching a product and covers all legal blocks.
You won’t find a larger group of angel investors in one place than you will with Angel Investment Network. This website has over 300,000 members and has helped entrepreneurs raise over $50 million. In addition, entrepreneurs can search for investors by location and industry. A large number of investors makes it ideal for businesses of all industries and markets to join.
Angel Capital Association is unique in that it functions as a non-profit trade association. This website is perfect for entrepreneurs who want to connect with a group of highly-vetted and qualified angel investors. There are over 14,000 members in the Angel Capital Association from all over the world, including Canada, South America, and the Middle East. Although, they largely concentrate on investors from the USA.
Crowdfunding
StartEngine Crowdfunding, Inc. has become a leader in the US equity crowdfunding space. According to its website, the platform has raised over $450 million through a combination of Regulation and Regulation A+ crowdfunding by using its subsidiaries, StartEngine Primary and StartEngine Capital. This funding has been split between over 500 startup offerings available on their platform to date.
Since its launch in 2008, Indiegogo has become one of the most popular crowdfunding websites across the globe, with over 19,000 campaigns launching monthly. Overall, Indiegogo’s capabilities, flexibility, and functionality are unparalleled. Plus, as one of the largest crowdfunding platforms available across the globe, campaigns have access to a wide range of investment opportunities.
Kickstarter is one of the most popular and commonly known crowdfunding websites. Understandably so, the site has been in existence for over a decade and has over 15 million project backers in counting.
Fundable offers both equity crowdfunding and rewards-based crowdfunding options for startups on the platform. Unlike many other crowdfunding platforms, Fundable doesn’t simply take a percent of your earnings; users subscribe to the platform through a monthly fee and are able to create campaigns to raise money as long as they are approved by Fundable, which is highly beneficial for successful campaigns.
Incubators and Accelerators
Many consider Y Combinator (YC) to be the pioneer of startup accelerators. Founded in 2005, YC now funds a new cohort of startups twice per year, investing $500k in each startup in exchange for 7% equity. YC works “intensively” with the startup for three months leading up to Demo Day when startups present their businesses to an invite-only audience. Some of Y Combinator’s most successful alumns include Airbnb, Dropbox, and Stripe.
Techstars is another accelerator with an impressive CV. Their list of alumni includes Uber, Twilio, SendGrid, DigitalOcean, Outreach, SalesLoft, and ClassPass. Founded a year after Y Combinator in 2006, Techstars has helped launch more than 2,500 companies valued at a total of more than $70B. The program is three months long and centered around mentorship by connecting would-be founders to mentors and other professionals in the Techstars network.
500 Startups is the most active early-stage investor in the world. It leads the global VC market in exits and deal count. Their team has invested in more than 2,600 startups across 81 countries. Leading companies produced by 500 Startups cover a wide array of industries and their portfolio continues to diversify as their global footprint grows. Much like other accelerator programs though, the financial support is far from the most valuable asset. 500 Startups also provides access to a community of peers, a network of established industry leaders, and an intensive, MBA-like curriculum.
gener8tor is an American startup accelerator that operates in several US cities, including Madison, Milwaukee, and Minneapolis. As of March 2017, gener8tor was ranked as the top 11th startup accelerator out of more than 150 accelerator programs in the United States by the Seed Accelerator Rankings Project. Since its inception, gener8tor has invested in 180 companies, which have gone on to raise more than $1 billion in total follow-on financing. The startups receive a hands-on mentorship, and up to $100,000 of investment.
The Advanced Technology Development Center (ATDC) is a science and business incubator in Georgia, United States. It is part of the Enterprise Innovation Institute (EI2) at the Georgia Institute of Technology, and is headquartered in Technology Square, Atlanta. More than 160 companies have been started at the Center, including firms/companies such as Calendly, Mailchimp, Greenlight, MindSpring (now part of EarthLink), PartPic, Monotto, Fixd, and TransNexus. Sponsored companies have created over 51,000 man-years of employment, generated over $12.7 billion revenue, generated over $100 million in profit to Georgia, and raised over $1 billion in venture capital since 1999. ATDC has been recognized by Inc. Magazine and Business Week as one of the nation’s top incubators, and has won several other awards.
Private Equity
Thoma Bravo is a leading software investment firm with over $114 billion in assets under management as of March 31, 2022. The firm has made more than 380 investments in leading software and technology companies representing over $190 billion of value. Thoma Bravo sets itself apart from its peers through its pioneering buy-and-build strategy and partnership-driven investment approach centered on close collaboration with portfolio companies’ management teams in order to spur innovation, drive operating results and accelerate growth.
Founded in 1968, TA is a leading global growth private equity firm. The firm has raised $47.5 billion in capital and invested in more than 560 companies across North America, Europe and Asia Pacific, with a focus on its five target industries: technology, healthcare, financial services, consumer and business services. An active investor, TA employs a long-term approach, partnering with the owners and management teams of portfolio companies to help drive growth and build lasting value.
Bain Capital is one of the world’s leading private investment firms with approximately $160 billion in assets under management. The firm pioneered the value-added approach to investing and has been at the forefront of growth investing since its founding in 1984. Bain Capital has a proven, collaborative strategy to support innovative businesses, accelerate growth and achieve scale. The team has decades of experience investing in and building category-leading businesses globally. Bain Capital’s reach across industries and geographies creates unique advantages for management teams as they enter new end markets and expand internationally.
TPG Growth has a 15-year track record of success in meeting the unique needs of earlier-stage companies, from traditional minority growth investments to growth buyouts and specialty capital. Having launched TPG Growth in 2007, TPG has had the opportunity to partner with some of the most innovative entrepreneurs, founders, and management teams of the past decade and a half. The team brings an established perspective and differentiated blend of conviction, flexibility, and partnership to growth equity that allows them to invest behind unique opportunities early, particularly in markets that are at points of inflection, disruption, or significant change. Today, TPG Growth manages $13.9 billion in assets. Select investments have included Airbnb, Beautycounter, C3, Calm, Campus Activewear, GoHealth Urgent Care, Greenhouse, Medical Solutions, MX, Nykaa, People 2.0, Pharmeasy, Spotify, Uber, and Zscaler.
Blackstone Growth (BXG) is Blackstone’s dedicated growth equity investing platform. They are experienced growth investors backed by the scale, operating expertise, and global reach of the world’s largest alternative asset manager. BXG focuses on providing capital to companies seeking to manage the execution risks associated with high-growth environments. Blackstone is the world’s largest alternative asset manager. The firm seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. It does this by using extraordinary people and flexible capital to help companies solve problems. Blackstone’s $941 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.
Francisco Partners (FP) is a leading technology investment firm with deep sector focus and a track record of delivering outstanding returns. Through its private equity and credit funds, FP provides flexible capital and partnership to growth-aspiring technology companies. FP prides itself as being one of the largest and most active technology focused investment firms in the world. The firm has raised approximately $45 billion. In its more than 20-year history, Francisco Partners has invested in or acquired more than 400 technology companies and has been repeatedly recognized for market-leading performance (HEC), making it one of the most active, long-standing and successful investors in the technology industry. FP recently announced the closing on nearly $17 billion in capital commitments between its $13.5B flagship fund, Francisco Partners VII, L.P., and its $3.3B Francisco Partners Agility III, L.P. fund. The firm closed fundraising on both private equity funds with more than 160 institutional investors from 30 countries around the world. FP’s limited partners include public and corporate pension funds, foundations, endowments, insurance companies, sovereign wealth funds, and family offices. FP had strong support from its existing investors as well as many new prominent investors from Europe, Asia, the Middle East, South America, and the US.
KKR & Co. Inc. (formerly known as Kohlberg Kravis Roberts & Co. and KKR & Co. L.P.) is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. The firm has completed more than 280 private equity investments in portfolio companies with approximately $545 billion of total enterprise value as of June 30, 2017. As of September 30, 2017, Assets Under Management (“AUM”) and Fee Paying Assets Under Management (“FPAUM”) were $153 billion and $114 billion, respectively.
Austin Ventures is a venture capital and private equity firm from Austin, Texas investing in early stage and middle market companies. Founded in 1984 by Joe Aragona and Ken DeAngelis, it invests in seed, private equity, early stage and late stage ventures. It typically invests in Series C, Series B, and Series A rounds. Its portfolio companies include Upland Software, OutboundEngine, Datical and Civitas Learning. With $3.9 billion of capital raised, AV is the most active venture capital firm in Texas. AV invests in early stage and middle market companies predominantly in Texas.
Insight Partners is a venture capital and private equity firm investing in technology and software companies that is headquartered in New York City, New York and was founded in 1995 by Jeff Horing and Jerry Murdock. According to the companies website (as of September 2019), the company has made over 300 primary investments, over 200 portfolio-led acquisitions, and over 100 strategic exits. Notable exits made by Insight Venture Partners include: Shopify, Twitter, Delivery Hero, HelloFresh, Qualtrics, and New Relic.
Thomas H. Lee Partners, L.P. is an American private equity firm based in Boston investing in middle market growth companies across financial technology and services, healthcare and technology & business solutions. The firm has raised over $30 billion since inception and is currently investing out of its $5.6 billion ninth fund.
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit, and net lease real estate funds with over $37 billion in assets under management. New Mountain seeks out what it believes to be the highest quality leaders in carefully selected “defensive growth” industry sectors and works intensively with management to build the value of these companies.
Bearing Partners is an Atlanta, Georgia-based investor of private equity and a provider of advisory services to companies in the lower middle-market. Bearing Partners seeks to invest in businesses $1M to $8M of EBITDA with a strong management team and the potential for significant growth. Bearing Partners aims to approach each opportunity with an open mind, seeking to meet the specific goals of the owner and needs of the business.
BPEA EQT (formerly known as Baring Private Equity Asia and BPEA) is an Asian private equity firm. Previously it was an affiliate of Barings Bank before becoming an independent firm. In 2022 it was acquired by EQT Partners to act as its Asian investment platform. It is one of the largest private equity firms in Asia. BPEA EQT mainly focuses on investing in the technology, healthcare and services sectors.
The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and private credit. It is one of the largest mega-funds in the world. In 2015, Carlyle was the world’s largest private equity firm by capital raised over the previous five years, according to the PEI 300 index.
Small Business Loans
Kabbage offers a variety of small business loans and options for a line of credit, including both unsecured and secured options. You can also apply for industry-specific loans for trucking, pawnshops, retail, and more. Kabbage prides itself on its easy online application process and fast funding for those who are approved. Loan amounts from Kabbage vary depending on the type of loan you apply for. Kabbage also offers business lines of credit up to $150,000 and online loans in amounts from $500 to $150,000. Other loan types might offer larger limits. Kabbage Funding also offers repayment terms of six and 12 months, depending on your needs. With Kabbage, there are no hidden loan fees or prepayment penalties, either. You will pay a monthly fee, but they are upfront about it.
Fundbox was founded in 2013, and the company uses technology to facilitate its B2B lines of credit with the goal of helping small businesses achieve significant success. Lines of credit from Fundbox are only available in amounts up to $150,000, but you can get prequalified online without completing a full loan application. Once you apply, you can get a credit decision within minutes, and you’re under no obligation to accept the loan funds. Because Fundbox focuses on lines of credit, you get the chance to borrow only as much money as you need. Funds can transfer from your line of credit to your business checking account as soon as the next business day. This provider gives you the option to save money by paying off your balances early and ahead of schedule without any prepayment fees. Fundbox lets you see the fees for your line of credit upfront, and they’ll automatically debit your bank account to pay your amount due, so you won’t have to think about it. You get the option to repay your line of credit over 12 or 24 weeks.
Fundera is an excellent option for consumers hoping to qualify for an SBA loan, mostly because it lets you fill out a single application and compare multiple SBA loan options in one place. Founded in 2013, Fundera is a loan marketplace instead of a direct lender. This means the company connects small business owners with the best small business loans and lines of credit on the market today, but it does not lend money itself. Because Fundera is a marketplace, it can offer nearly any type of business loan or line of credit available today. This includes loans through the Small Business Administration, which tend to come with flexible repayment terms and affordable interest rates. Loan amounts and repayment terms vary, but it’s possible to qualify for an SBA loan in amounts up to $5.5 million. You may also be able to repay your loan over a period of up to 25 years, although it can take two weeks to get your loan funded. Note that SBA loans may require collateral, and that’s especially true for larger loan amounts.
OnDeck makes it easy to qualify for a line of credit in amounts from $6,000 to $100,000 or a small business loan in amounts from $5,000 to $250,000. Repayment terms on small business loans are available for up to 24 months, and you will benefit from transparent pricing and no prepayment penalties. Meanwhile, you can repay one of OnDeck’s lines of credit over 12 months, plus you get the benefit of borrowing only what you need. Either option can work for small business owners who need access to capital, and both types of funding let you apply and receive a decision within the day. OnDeck lists some basic requirements to qualify for a business loan, which include a minimum personal credit score of at least 600 for a long-term loan. You also need to be in business for at least two years and you need to have a least $250,000 in annual business revenue to qualify.
Lendio is another loan marketplace, so it won’t be lending you funds directly. Having the chance to have lenders compete for your business is the best way to make sure you get a small business loan with the best rate and terms you can possibly qualify for. Lendio was founded in 2011, yet it has grown dramatically since then. So far, they claim to have funded over 300,000 small business loans worth more than $12 billion, and they don’t plan to stop anytime soon. In terms of their small business loan offering, Lendio lets you borrow between $25,000 and $500,000, depending on your needs. You can repay your loan over one to five years, and your interest rate could be as low as 4.5%. Lendio has just a 15-minute application process, and you can get a decision on the same business day, making it an efficient place to shop for a loan.
Microloans
The SBA microloan program, administered by the U.S. Small Business Administration (SBA), distributes microloan funds to businesses through community-based nonprofit organizations. The government agency itself does not actually service loans directly to borrowers. In addition to administering these microloans, these intermediaries also provide management and technical assistance to help borrowers launch or grow successful businesses.
A notable nonprofit microlender to consider is Kiva. Kiva works both globally and domestically, providing interest-free microloans of up to $10,000. The loans are paid back over a period between three and 36 months. In order to qualify, you must first have a family or friend lend to your venture. The biggest benefit of the Kiva platform is that many of the microloans are interest-free. Individual lenders on the platform can crowdfund your loan with zero interest. Some loans, which do incur interest, come through Kiva’s partner organizations. Your ability to use these funds responsibly helps establish your business credit and build good borrowing behavior.
Similar to Kiva in many ways, Zidisha also incorporates crowdfunding into lending, through microlending – to provide very small loans to borrowers in developing countries. Zidisha focuses on supporting small-scale entrepreneurs, by directly connecting individual lenders with recipients, through its innovative lending platform.
Grameen America is a microfinance institution that makes microloans to low-income women entrepreneurs. Grameen has issued more than $1 billion in microloans to more than 100,000 low-income women across the U.S. This microloan program might be a good fit for you if you’re a female business owner who is living below the poverty line and you need capital to start or expand a business. A big advantage of Grameen America is that they report to the credit bureaus to help borrowers build their credit score over time and qualify for more financing.
Tala is an emerging markets digital lender that offers loans between $10 to $500 to consumers and small business owners. Tala first launched its mobile application to offer credit and collateral-free loans to consumers in Kenya but has since expanded to the Philippines, Mexico and, more recently, India. The company uses users’ phone data and their activity (for instance, the frequency and timeliness of paying phone bills) to create credit scores that determine the amount of credit a user can receive. More than 6 million customers across these four markets use Tala, and the company claims to have disbursed over $2.7 billion worth of credit since its inception. And with 12,000 new users signing up every day to access credit, Tala is making a transition to offer a broader range of financial services around an account and capture more value across the supply chain.
