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Tally , a nine - year - quondam fintech that helped consumers manage and pay off their credit identity card debt , has keep out down , according to the companionship .
Ina LinkedIn postthat was share to begin with Monday , founder and CEO Jason Brown said the “ pitiful and hard ” decision to shut down down Tally was not the outcome the fellowship had “ trust for , ” but that “ after explore all options , ” it was “ unable to secure the necessary financial support to continue our operations . ” harmonise to PitchBook , Tally was last valued at $ 855 million and had 183 employees .
Tally ’s example was initially design to help the great unwashed manage their quotation add-in and pay off high - sake debt through a lower pursuit loanword that it offer . But in April , Tally announced it would be sunsetting its consumer app andshifting to B2B. At the clock time , the troupe said it had a launch partner , a “ bombastic publicly - traded consumer party with more than 50 million users , ” that was launching in July . However , it never follow up with an announcement naming the company .
TechCrunch has reach out to the company for further details .
Founded in 2015 , San Francisco - based Tally had raise $ 172 million in funding over the years . In October of 2022 , Tally raise an $ 80 million Series D contribute by Sway Ventures . Andreessen Horowitz led its$50 million Series C roundin 2019 , which also included participation from Silicon Valley great hitters such asKleiner Perkins , Shasta Ventures , Cowboy VenturesandSway Ventures .
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