Automated debt manager Tally raises $50 million in Series C funds led by Andreessen

June 19, 2019

Tally, a San Francisco-based fintech that uses automation to helps consumers manage debt and save money, said it raised $50 million in Series C funds led by Andreessen Horowitz.

Prior investors, including Kleiner Perkins, Shasta Ventures, Cowboy Ventures and Shay Ventures, all participated in the round, according to a press release. The company has now raised $92 million to date.

Company officials said the new funding will be used to grow the business and build out a fully automated consumer finance platform.

"We take automation for granted in so many areas of our lives, but automation has been slow to come to financial services," Angela Strange, a newly named director from Andreessen Horowitz, said in the release. "Too many Americans are drowning in credit card debt, in large part because the system is too complex — by design."


 

Topics: Mobile Apps, Mobile Banking, Mobile Payments

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