U.S.-based fintech Tala, which provides small loans to clients in emerging markets, has secured a $150 million debt facility to expand its operations in Mexico.
Many of Tala's clients in Mexico are small business owners, and the lender plans to allocate a portion of the new funds to enhance services for them. In fact, data from Mexico's statistics agency indicates that 99% of businesses in the country fall into the category of micro, small, or medium-sized enterprises.
"This capital is for the growth of our Mexico business," said CEO and founder Shivani Siroya. "As we think about how to widen access, we are starting to explore different platforms and embedded partnerships."
She further emphasized the importance of providing additional value, mentioning planned enhancements such as higher credit limits, more dynamic pricing, and the development of specific credit products.
The debt facility, which begins at $75 million and permits Tala to draw up to $150 million, was issued with funds managed by U.S. investment firm Neuberger Berman.
Tala has over 10 million clients globally, with more than 3 million in Mexico. The firm reported having issued over $500 million in loans within the country in 2024, and the average loan size is approximately 2,300 pesos ($115.41).
Siroya noted that there is "more to come this year" for Tala's operations in Latin America. Currently, Mexico is Tala's only market in the region, although the company operates in Southeast Asia and East Africa.