Tala Takes $145M For Global Banking Effort

Los Angeles-based Tala, which offers up a global, mobile app that provides access to banking to the underbanked, has raised $145M in a Series E funding round, the company said on Thursday. The Series E funding was led by UPstart, and also included Stellar Development Foundation, Kindred Ventures and the J. Safra Group plus existing investors IVP, Revolution Growth, PayPal Ventures, and Lowercase Capital. The company says it has now raised more than $350M in total. The startup says it will use the investment to accelerate rollout of its financial account experience.