E681: Tala founder Shivani Siroya on transforming microfinance & loans in emerging markets
About this episode
Shivani Siroya is the CEO and founder of Tala, a company is tackling a massive problem: there are 3 billion people around the world that are currently underserved from financial services—they don’t have bank accounts, access to formal credit options, traditional loan products, small business loans, or insurance products. Tala makes micro-loans in Kenya, Tanzania and the Philippines by using a person’s smartphone, transactions, and app usage to figure out if they are creditworthy. To evaluate creditworthiness, Tala built an Android app that scores would-be borrowers in 20 seconds by using data …