MEXICO CITY (Reuters) - U.S.-based fintech Tala, which grants small-sized loans to clients in emerging markets, has secured a $150 million debt facility to expand its business in Mexico, it said on Wednesday.

WHY IT'S IMPORTANT

Many of Tala's clients in Mexico are small-business owners, chief executive and founder Shivani Siroya said, and the lender plans to allocate a portion of the fresh funds to better serve them.