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About Tally
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series D
Total Funding
$172M
Headquarters
San Francisco, California
Founded
2015
Overview
Tally helps individuals manage and pay off their credit card debt through a mobile application. The app simplifies the payment process by allowing users to automate their credit card payments, which helps them avoid late fees and potentially lower their annual percentage rate (APR). Tally is especially useful for those with multiple credit cards, as it consolidates their payment management into one platform. The company offers a custom, low-interest line of credit to eligible users, which they can use to pay off their existing credit card debt more quickly. This line of credit typically has a lower interest rate than standard credit cards, making it a more affordable option for users. Tally's goal is to help users save money on interest payments, with potential savings of up to $4,300 over seven years, depending on individual circumstances.
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Simplify's Take
What believers are saying
- Growing demand for financial literacy tools supports Tally's educational offerings.
- Rising interest in AI-driven solutions enhances Tally's automated debt management capabilities.
- Popularity of mobile-first solutions aligns with Tally's mobile application focus.
What critics are saying
- Increased competition from LendingClub and Pagaya may erode Tally's customer base.
- Challenges in securing fintech funding could deter investors from Tally's model.
- Acquisition by larger firms may dilute Tally's unique market positioning.
What makes Tally unique
- Tally offers a unique automated debt manager for credit card debt reduction.
- The app simplifies credit card management by automating payments and reducing interest rates.
- Tally provides a custom low-interest line of credit to expedite debt payoff.
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Funding
Total Funding
$172M
Meets
Industry Average
Funded Over
5 Rounds
Kleiner Perkins
Andreessen HorowitzIndustry standards
Benefits
Unlimited flexible PTO
12 paid holidays; equity grants
Medical, dental, vision & prescription insurance
Company paid short & long term disability insurance
Life and AD&D insurance
Wellness programs
Pre-tax savings accounts for commuter benefits
HSA & FSA
Paid parental leave
401(k) retirement savings plan
Phone/internet reimbursement
Co-working stipend
Home office set-up allowance
Discount programs
Growth & Insights and Company News
6 month growth
↑ 4%1 year growth
↓ -11%2 year growth
↑ 0%LendingClub Corporation (NYSE: LC), operator of America's leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that they partnered together to acquire the intellectual property behind Tally Technologies, Inc. ("Tally"). Tally's innovative technology simplified credit card management, helping users optimize payments, reduce interest, and improve credit health. Tally's consumer solution allowed users to link credit cards, automate card payments, and adopt strategies to lower interest costs and avoid late fees. The company also created an embedded, white-label business-to-business credit card debt management platform leveraging the same functionality. LendingClub uses proprietary technology and data to provide consumers with compelling solutions to reduce the cost of their debt and pay it off more quickly. This transaction will accelerate the evolution
LendingClub and Pagaya have acquired Tally Technologies' credit management tech. LendingClub will use Tally's solutions to enhance its member engagement platform for its 5 million members, while Pagaya will integrate Tally's B2B credit management solution into its offerings for over 30 lending partners. This strategic deal aims to provide better tools for managing credit card debt amid high interest rates.
Innovation is no good to the businesses that fail to embrace it. But as advanced technologies to streamline payments and financial data management reshape competition in commercial payments, the transformation of business-to-business (B2B) payments is taking center stage this month as PYMNTS, together with industry experts, dissect the technologies, strategies and collaborations that are reimagining what commercial payments could be. The first week of the Outlook 2030 event centers on how platform and network models are impacting business payments. Week Two covers interoperability and data standards, while Week Three lands on closed vs. open networks. We end the month with the lifeblood of any company: cash flow
LendingClub & Pagaya acquire assets of Tally Technologies.
Image made by BRIDGE at DALL-E. 2024年前半のテック・スタートアップへの投資状況レポートが Crunchbase に掲載されていたので概要をまとめてみる。国内でも2021年を境にテックバブルが弾け、公開市場との株価調整から主にレイターステージでの資金調達に変化が起こっている。一方のシード・アーリーは数年後の状況を見据えた種まきであることから、復調自体は早いとされている。特に北米ではサイバーセキュリティと AI 分野への大型投資が目立つ一方で、一部の著名なフィンテック企業の閉鎖も報告された。シリーズ A と B の資金調達が増加傾向にある中、投資家たちはより慎重な姿勢で市場に臨んでいるようだ。. サイバーセキュリティ企業への大型投資
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About Tally
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series D
Total Funding
$172M
Headquarters
San Francisco, California
Founded
2015
There are no jobs for Tally right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Tally