Tala

“Some of them are doing bank transfers, but the majority of them are doing it in person, in cash.”

“I decided to become the lender and I lent to SEMA. I started lending to hundreds of other people as well in the community and essentially came up with what I thought the risk calculation would be based on that firsthand or in-person data that I was seeing.”

“So at this point, on a monthly basis, I would say it's between a 150 to 200 dollars.”

“I mean, if you think about the numbers, we've now served, you know, over seven million with access to credit, so it's about three and a half billion dollars in total at this point that we've dispersed.”

“And so over 97% of our customers will come back for a repeat interaction with us.”

“It's true. And it's also actually that 85% of them get money in their accounts in under two minutes.”

“While I worked at the UN, I was traveling market to market. So I was in a new country every four to five months, and I was lending to people when I was there. And so at that point, I think I was probably about five, 10,000 dollars in.”

“What's missing. Really was identity and the ability to prove that potential in a form of data, the same way that you and I have credit scores. That is what I saw was missing in these markets.”

“You know, at this point, I would say that, you know, our addressable market, even across these four countries, we're looking at already about seven hundred million individuals.”

“So our global default rate is actually less than seven percent for Atala.”

“So when it comes to our portfolio, we are profitable.”