Los Angeles-based Tala raised a whopping $110 million. Tala analyzes creditworthiness and offers loans to people in Mexico, Tanzania, the Philippines, Kenya and India based on cell phone data usage. The impressive funding will go toward expansion in India. It will also introduce financial education, community and microinsurance products globally. [Built In LA]
Brainbase raised $3 million for its intellectual property management technology. The LA startup provides a marketplace for intellectual property, as well as a management tool that brings the licensing process into the digital age. Brainbase currently works with more than 300 IP holders, including Sanrio — best known as the company behind Hello Kitty and Aggretsuko. [Built In LA]
LA-based startup Stem announced former Venmo COO, Mike Vaughan as a board director. Stem is a music technology company that helps artists distribute their music and split the revenue. [Variety]
