Crossmint said it has partnered with credit fintech Tala to launch an onchain credit service aimed at emerging markets worldwide. The tie-up has two parts. First, Tala has launched a new wallet experience in Mexico for more than 1 million active users, built on Crossmint’s smart wallet and stablecoin payments infrastructure. Second, Crossmint has integrated Tala’s Credit-as-a-Service into its platform, allowing fintech apps that use Crossmint wallets to add credit functionality. Under the arrangement, Tala provides capital and an AI-native risk model, while Crossmint handles the collection wallet and repayment rails. The announcement was made by Crossmint in a post on X.
Wallet and stablecoin infrastructure provider Crossmint said in a post on X that it has partnered with credit fintech Tala to launch an onchain credit service for emerging markets globally.
Two parts to the partnership
According to Crossmint, the partnership includes two components. Tala has launched a new wallet experience in Mexico for more than 1 million active users, built on Crossmint’s smart wallet and stablecoin payments infrastructure.
Crossmint has also integrated Tala’s Credit-as-a-Service into its platform, allowing any fintech app that uses Crossmint wallets to plug in credit features.
Division of roles
Under the setup, Tala provides the funding and an AI-native risk model. Crossmint provides the collection wallet and repayment rails.
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