DALA (Digital Alternative Lending Association) is a non-profit organization registered under the Companies Act No. 7 of 2007. DALA plays a significant role in the booming fintech industry in Sri Lanka. We stand out as the only self-regulating body for service providers in the digital lending industry. The establishment of the DALA platform is a watershed to strengthen a solid rapport among its members, customers, stakeholders, and relevant supervisory authorities in a more collaborative, open, and transparent manner. To achieve this objective, DALA is committed to adhering to fair and ethical business standards, practices, and laws.
Our members are dedicated to uplifting and supporting the lifestyles of Sri Lankans with a financial helping hand when they are in need, and at the same time, DALA will also boost the sustainable development and growth of the Sri Lankan financial sector. Most importantly, as a self-regulatory platform, DALA is a unique marketplace to facilitate and encourage the digital lending industry, representing the common interests of our members.
PURPOSE STATEMENT / OBJECTIVES
We strive to ensure that the digital lending community in Sri Lanka conducts business ethically, honestly, and in full compliance with the laws of the country, thereby fostering sound business practices, harmony among the members, favorable relationships with the relevant authorities, and maintaining the integrity and trust of the fintech industry in Sri Lanka.