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Tala's Unprofitable Microlending Fintech Expands Globally
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Forbes
Photo by Markus Winkler on Unsplash
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Key takeaways
- Forbes reports that microlending fintech Tala, despite remaining unprofitable after 11 years, is strategically pursuing global expansion
- This initiative involves a comprehensive technology overhaul and the implementation of a refined underwriting process
- As part of its growth strategy, Tala plans to enter six new markets
Forbes reports that microlending fintech Tala, despite remaining unprofitable after 11 years, is strategically pursuing global expansion. This initiative involves a comprehensive technology overhaul and the implementation of a refined underwriting process. As part of its growth strategy, Tala plans to enter six new markets.
Related Topics
fintechmicrolendingglobal expansionTalaunderwritingfinancial services
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