A milestone year in advancing financial inclusion

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IT was an exceptional year in 2024 where Tala’s efforts to ensure that those who need financial services were reached, especially with its mission to empower and unlock the potential of those who have historically been excluded from accessing financial services.

In the Philippines, Tala has provided over 23 million loans and disbursed over P109 billion to its customers, demonstrating the commitment to creating more access to credit. It also forged a landmark loan channeling partnership worth P2.75 billion with Maya Bank that ensures loans are readily available and financial access to credit is made more accessible through the Tala platform.

Tala’s Chief Business Officer Jori Pearsal

Beyond allocating and creating resources, Tala Philippines actively engaged with the unbanked through financial literacy and education initiatives. TALAKayan, a series of workshops conducted in partnership with Empower and Transform and led by financial guru Salve Duplito, aims to empower and educate various groups, including farmers, OFWs, women, and MSMEs. These workshops reached over 1,223 Filipinos across Metro Manila, nearby provinces and in Singapore.

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Tala also sponsored the FintechAlliance.PH Digital Lending Industry 2024 publication launch during the 2024 Singapore Fintech Festival. Tala described how collaboration is key in achieving the mission of empowering the unfinanced and unleashing their economic potential. By partnering with other tech and finance companies with a shared vision of serving the underbanked, the industry can provide better financial solutions and accelerate financial inclusion.

2024 is also a year that Tala achieved major milestones on a global scale, including celebrating a decade of operations and reaching 10 million customers worldwide, that reflect-ed its unwavering commitment to bridge the financial inclusion gap. Its innovation and efforts to enhance services did not go unnoticed as Tala was named one of the Top 250 Fintech companies by CNBC and included in the Forbes Fintech 50 for the 8th consecutive year and CNBC’s Disruptor 50 for the 5th year. “We consider 2024 as an extraordinary year, filled with accomplishments that reflect our journey as the world’s first platform for the Global Majority. We want to continue the kind of success we had last year and bring ourselves further this 2025, where we are currently focused on expanding access and exploring more impactful partnerships,” said Moritz Gastl, General Manager of Tala Philippines. Tala is now reaching new customers than ever before globally – with the Philippines achieving the highest number of first-time customers ever since the pandemic.

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