Tally Technologies, Inc. The company's smartphone app helps its users pay down their credit card debt, based on an analysis of their personal financial profiles and a new line of credit it provides with a lower interest rate.
Thanks @rrhoover! After two years of heads down engineering we’re excited to launch.
Tally makes it easy to stay on top of your credit cards. Instead of charts or advice, Tally actually does the hard work for you. You scan your cards. We give you a line of credit which allows us to help you save money on interest, avoid credit card late fees, or pay down balances faster.
Keep using your cards and getting all the perks and rewards. We’ll take care of the rest.
I’ll be here throughout the day, so please ask questions and provide feedback. We love hearing from hunters!
Best,
Jason, CEO and co-founder of Tally
@jiaqip@rrhoover Thanks! Yes, Tally is currently available in the following US states: California, Florida, Illinois, Massachusetts, New York, Ohio, Texas, and Wisconsin. And we are adding new states on a regular basis.
@evanlaclark Yes, most people get a better interest rate than their credit card and the APR is mostly determined by your FICO score. We first run a soft credit check to see if your credit card companies are over charging you. If we can find you a lower rate, then you can decide to open the line of credit. Try it out and let me know how it goes!
@jiaqip@rrhoover At Tally, we made a decision early on to remain independent and get our lending licenses state by state. While we know this is the slower route, we believe in the long run it will allow us to better serve our customers since we won’t be beholden to an established bank.
We currently have licenses in California, Florida, Illinois, Massachusetts, New York, Ohio, Texas, and Wisconsin with a lot more coming online in 2017!!
Very interesting approach to finance automation. Tally aggregates your credit cards to make it easy to monitor your balance, interest rates, etc.
The team raised $17M from Shasta and Cowboy VC before today's public launch. Big swings. 😊
@rrhoover working with founders as hardworking and ambitious as @jason_brown2 and @jasperplatz, going after a huge consumer pain point, is what makes the venture business such a thrill.
Huge fan of @jason_brown2 and the team at Tally for 2 years of hard work, foundational infrastructure and regulatory work to bring this ambitious service to consumers! So excited to support a service bringing peace of mind to millions with anxiety over credit card debt.
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