Tally Technologies Raises $80 Million at an $855 Million Valuation

Tally Technologies is a financial automation company that helps its clients to pay off debts on credit cards. It is a tech company that pioneers full-service financial automation, building an automated debt manager that helps people to overcome credit card debts. The company’s aim is to automate the entire financial lives of people to let them stress less about money.

The funding round Series D was led by Sway Ventures. Menora Mivtachim, Kleiner Perkins, Andreessen Horowitz, Shasta Ventures, and Cowboy Ventures also participated in the round. “Tally is a true industry innovator for its distinctive use of technology to help more consumers get out of debt, and we look forward to partnering with the Tally team to help expand their product offerings and reach, particularly during a time when credit card balances are nearing all-time highs,” Ken Denman, Sway Ventures General Partner.

Tally Technologies, San Francisco, USA, was founded by Jason Brown and Jasper Platz in 2015. The company provides its clients with a platform to which they can connect their cards, then have it automatically calculate the most efficient way to pay off outstanding debt. Moreover, Tally offers users a loan with a lower interest rate than their credit card debt for people to pay off their debts and reduce the interest payments. The company claims that its system helps its users to pay off credit card debts up to three years faster. “Our debt-free system helps consumers pay off credit cards faster, empowering them to take control of their finances and make real progress towards their financial goals,” Jason Brown, CEO of Tally Technologies.

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