No products in the cart.
- Latest
- Trending
ADVERTISEMENT
US-based financial automation platform Tally has raised $80 million in Series D funding led by Sway Ventures, with participation from Israeli insurer Menora Mivtachim.
Tully Raises $80 Million
Existing investors Kleiner Perkins, Andreessen Horowitz, Shasta Ventures and Cowboy Ventures also participated in the round.
Tully hopes to use the new funds to grow his business and further expand his automated debt repayment system to help “more people get out of credit card debt” and meet their financial goals. .
Founded in 2015 and based in San Francisco, Tally provides an automated credit card debt payment service. The company says it analyzes customers’ financial profiles to suggest the “best and fastest” way to settle their debts. It will also offer eligible customers new lines of credit at lower interest rates to support faster repayments.
Credit cards are designed to put people in a debt cycle, says Jason Brown, CEO and co-founder of Tully.
Our debt-free system helps consumers pay off their credit cards faster, allowing them to take control of their finances and make real progress toward their financial goals.
To date, Tally claims to have paid off more than $1 billion in credit card debt for its customers and saved “millions of dollars” in interest and late fees.
Tally also announced the addition of veteran customer-focused technology leader Ken Denman to its board of directors.
