Shivani Siroya is the CEO & Founder of Tala, a company that facilitates financial access to small businesses owners around the world by providing mobile financial tracking tools and direct flexible financing in order to help these businesses and their communities lift themselves out of poverty.
“It is not enough for us to do credit scoring, our vision is putting customers in the center of it all,” she said at THINK 18. “We want them to be in control. It is designed from the person up. It realizes people need $100 to $200 for three to four weeks, or we can go up to $1,000. We change a fee ranging from 10 percent to 15 percent. I think of our product as a digital credit card.”