Tally

Mobile app for credit card debt management

San Francisco, California, United States

About Tally

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 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.

San Francisco, CaliforniaHeadquarters
2015Year Founded
$167.3MTotal Funding
SERIES_DCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees

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

Risks

Increased competition from LendingClub and Pagaya may draw away Tally's customers.
Tally's closure due to financial difficulties highlights risks in fintech business models.
Acquisition of Tally's technology by competitors may lead to loss of market differentiation.

Differentiation

Tally offers the first automated debt manager for credit card debt management.
Tally provides a custom, low-interest line of credit to help users pay off debt.
Tally's mobile app simplifies credit card management by automating payments and avoiding late fees.

Upsides

Increased demand for debt management solutions offers growth opportunities for Tally.
Embedded finance solutions allow Tally to integrate services into other platforms.
Growing interest in financial wellness could drive demand for Tally's tools.