Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Fintech»Fintech Tally is shutting down due to lack of cash
    Fintech

    Fintech Tally is shutting down due to lack of cash

    August 14, 20242 Mins Read


    US-based Tally, a fintech backed by a16z helping people pay off their credit card debt, has shut down due to a lack funds to continue operations.

     

    Tally has shut down due to a lack funds to continue operations.

    Tally, a nine-year-old fintech that helped consumers manage and pay off their credit card debt, has shut down, according to the company.

    Company officials stated that the decision to close down Tally was not the outcome the company had hoped for, but that after exploring all options, it was unable to secure the necessary funding to continue their operations. According to PitchBook, Tally was last valued at USD 855 million and had 183 employees.

    Tally’s model was initially designed to help people manage their credit cards and pay off high-interest debt through a lower interest loan that it offered. But in April 2024, Tally announced it would be sunsetting its consumer app and shifting to B2B. At the time, the company said it had a launch partner, a ‘large publicly-traded consumer company with more than 50 million users,’ that was launching in July 2024. However, it never followed up with an announcement naming the company.

    Previous news from Tally

    Founded in 2015, San Francisco-based Tally had raised USD 172 million in funding over the years. In October of 2022, Tally raised an USD 80 million Series D led by Sway Ventures. Andreessen Horowitz led its USD 50 million Series C round in 2019, which also included participation from Silicon Valley heavy hitters such as Kleiner Perkins, Shasta Ventures, Cowboy Ventures, and Sway Ventures.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Le numérique au service du développement : catalyseur, levier ou fracture ?

    Fintech

    Transcript : UP Fintech Holding Limited, Q1 2025 Earnings Call, May 30, 2025

    Fintech

    le pari (gagnant) de cette fintech française

    Fintech

    La division fintech de MercadoLibre va demander une licence bancaire en Argentine

    Fintech

    Transcript : Huddlestock Fintech AS, Q1 2025 Earnings Call, May 28, 2025

    Fintech

    InTouch officiellement agréé au Sénégal et dans 03 autres pays

    Fintech
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    L’avis de Fisher Investments France sur l’impact des banques centrales sur les marchés des capitaux

    Investments

    Gold Rock Investments Limited annonce ses résultats pour le troisième trimestre et les neuf mois clos le 31 décembre 2024 -Le 11 février 2025 à 12:43

    Cryptocurrency

    Next Cryptocurrency to Explode, 18 March — FTX Token, Internet Computer, Arbitrum

    Editors Picks

    Yuexiu Property enregistre une hausse de 24 % de ses ventes contractuelles en avril

    May 8, 2025

    Le tirage au sort fixé au 10 avril

    March 18, 2025

    The Trump Trade: Market Impact on Stock, Bonds, Commodities

    July 19, 2024

    Jim Leyland entry to Baseball Hall of Fame is well-deserved

    July 22, 2024
    What's Hot

    « Il faut planter dès maintenant de nouvelles cultures et prendre des risques »

    April 18, 2025

    Metal Slug Tactics finally arrives on November 5

    October 22, 2024

    Klarna : le guide vers une nouvelle vague d’IPO fintech -Le 24 mars 2025 à 15:35

    March 24, 2025
    Our Picks

    Trump Now Holds Over $1 Million In Crypto Despite Calling It A Scam

    August 18, 2024

    Director’s Change in Securities at Hotel Property Investments

    January 6, 2025

    Catch latest developments of the week

    October 25, 2024
    Weekly Top

    Artemis Gold Inc. annonce l’ouverture officielle de la mine Blackwater

    May 31, 2025

    India’s Digital Payment Surge: Currency and Convenience

    May 31, 2025

    Le numérique au service du développement : catalyseur, levier ou fracture ?

    May 31, 2025
    Editor's Pick

    Robbie MacDonald named IQUW Head of Property

    July 23, 2024

    New Cryptocurrency Releases, Listings, & Presales Today – DEV AI, Analog, Deep AI

    February 14, 2025

    Generali et Evinance ne s’épargnent pas sur l’IA dans l’assurance …

    May 13, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.