Fenwick represented Tala, a digital financial services company that helps the traditionally underbanked borrow, save and grow their money, in its $145 million Series E financing.
The round was led by Upstart with participation from the Stellar Development Foundation. New investors Kindred Ventures and the J. Safra Group also joined, along with existing investors IVP, Revolution Growth, PayPal Ventures and Lowercase Capital.
Tala will use the funds to accelerate the rollout of a new financial account experience, and work to develop one of the first mass-market crypto products for emerging markets to help make crypto solutions more affordable and equitable for those who need them most. More information can be found in the company’s announcement.
The Fenwick transaction team was led by corporate partner Steven Levine and associates Christine Chen, Shweta Kumar and Elizabeth Gil.