Tala: CNBC’s Top Fintech for the Second Time, Expanding Financial Access
Tala, a global financial infrastructure company, has secured its position as a leader in the FinTech industry, earning the title of CNBC World’s Top FinTech for a second time. This prestigious recognition underscores the company’s ongoing dedication to providing accessible financial services to underserved communities, particularly within emerging markets. The award, a collaborative effort between CNBC and research firm Statista, involved a thorough assessment of over 2,000 FinTech companies worldwide. The evaluation process used a comprehensive methodology, allocating 40% weight to overall performance and 60% to segment-specific key performance indicators.
Impact and Expansion of Financial Inclusion
Since its establishment in 2011, Tala has made significant strides in financial inclusion, dispersing over $6 billion in loans. These loans have benefited more than 11 million customers across diverse regions, including East Africa, Southeast Asia, and Latin America. Annstella Mumbi, General Manager of Tala Kenya, acknowledged the significance of this recent acknowledgment. “Being named CNBC’s Top FinTech again is a tremendous honor and a powerful validation of our mission,” she stated. The award serves as a testament to Tala’s continued dedication to servicing a population often overlooked by traditional financial institutions. Tala’s success highlights the growing importance of FinTech solutions in providing much-needed financial services within the African context.
In conclusion, Tala’s repeat recognition as CNBC’s Top FinTech emphasizes its vital role in expanding financial access globally. The company’s commitment to empowering underbanked communities, particularly in Africa, Southeast Asia, and Latin America, continues to drive its success and solidify its position as a leading force in the global FinTech landscape.
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