Tala loan app formerly Mkopo Rahisi has been nominated for Google Play Awards 2018 which takes place on Monday, May 7th.

Google Play Awards (Google I/O 2018) recognize top apps and games on Google Play every year, represent some of the best experiences available on Android, with an emphasis on overall quality, strong design, technical performance, and innovation.

Tala loan app as one of the nominees, has been selected by various teams across Google, meeting the criteria thresholds covering high star rating, Android vitals, and have had a launch or major update since April 2017.

The nominated Apps including the Tala loan app were picked by looking at the following features:

The best experiences available on Android

Good quality

Design

(Technical) Performance

Innovation

High star rating on the Play Store

Received at least one major update over the last one year

Get all the Android vitals right

The apps that are picked by the Google teams, 5 per category, are considered as nominees out of which the winners will be picked and announced during Google I/O.

Tala, a global leader in mobile-first financial services for underserved consumers, has also announces a Ksh 6.5billion (US$65 million) in new investment to power the growth of its Tala loan app.

Tala operates in Kenya, Tanzania, and the Philippines, where it has delivered credit to nearly 1.3 million customers and originated more than $300 million.

Tala plans utilize the funds to focus on product development and growing human talent capacity in Kenya and expand its services to cover Mexico and India.

In Kenya, Tala has disbursed over 5.6 Million loans to over 1 million customers with an origination value Ksh 28 billion (US$280 million). Tala loan app, which was Kenya’s first unsecured smartphone lender, has over 2.7 million APP downloads in Kenya and it’s ranked as one of the top financial applications in Kenya.

Early in the year, Google also recognized numerous apps in the Android Excellence Awards.

Congratulations to Tala loan app and all the other nominated apps on this year’s list of apps on Google Play Awards Google I/O 2018.

Before taking a loan it is wise to read our 5 Questions to ask yourself before you take a Loan.

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