Startup profile · funding coverage
Tally funding, valuation and investors
Automated credit-card debt payoff app (shut down August 2024).
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series D
$80M · October 2022
Latest known valuation
$855M
Series D · October 2022
Total disclosed equity funding
$130M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
shutdown
Stage not recorded · San Francisco, California, USA
Overview
Tally was a San Francisco fintech founded in 2015 that helped consumers manage credit card debt through automated payments and lower-interest lines of credit. Andreessen Horowitz led a $50 million Series C in 2019; Kleiner Perkins, Cowboy Ventures, Shasta Ventures, and Sway Ventures also participated across rounds. Tally raised $172 million total and was last valued around $855 million at its October 2022 Series D led by Sway Ventures. In April 2024, Tally sunset its consumer app and pivoted toward B2B white-label debt tools, but in August 2024 founder Jason Brown announced shutdown after failing to secure additional funding.
Why Tally is interesting
Tally raised $172M including a16z-led Series C for consumer debt automation — then fintech funding dried up and the company wound down after a failed B2B pivot.
Product & use cases
Tally offered a mobile app that consolidated credit card balances and automated payments through a lower-APR line of credit — aiming to reduce interest costs and simplify debt payoff for consumers.
- Consumers consolidating high-APR credit card debt
- Automated minimum-plus payments to accelerate payoff
- Planned B2B white-label debt tools (2024 pivot, not sustained)
Key facts
- Shut down August 2024 after failing to raise additional capital (TechCrunch)
- Raised $172M total; a16z led Series C ($50M, 2019)
- Last valuation ~$855M at October 2022 Series D
- Attempted B2B pivot in April 2024 before closure
Funding history (newest first)
Series D
2022-10 $80M Valuation: $855M- Sway Ventures (lead)
- Andreessen Horowitz (participant)
Source: Read source · techcrunch.com
Series C
2019 $50MSource: Read source · techcrunch.com
Investors in our directory
Funds linked from Tally's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Early mover in automated credit-card debt management with strong venture backing — ultimately insufficient against 2024 fintech funding headwinds.
Consumer debt fintech scaled in low-rate eras; rising funding costs and tighter credit made Tally's model harder to sustain. The August 2024 shutdown illustrates category sensitivity to capital markets.
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Credit Karma / Mint adjacent
Financial tracking; less active debt consolidation lending.
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Balance transfer cards alternative
Bank products competing for same debt refinance behavior.
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Happy Money / other debt consolidators direct
Personal loan-based consolidation models.
Notable stories
- Tally's founder Jason Brown called the August 2024 shutdown 'sad and difficult' after nine years — the company had helped pay down over $1B in user credit card debt but could not fund its B2B pivot (TechCrunch).
Industries
Market / IPO context
Editorial / static context — not a live quote.
FAQs about Tally
Practical answers founders, operators, and investors typically search for.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.