On its face, the shuttering of Tally, a FinTech focused on helping consumers manage credit card debt, offers a snapshot of how tough fundraising is in the technology arena, how cash, once burned, is tough to replenish.
Beyond the cautionary tale for FinTechs overall in terms of business economics, there’s also a highlighting of the urgency — that several companies are trying to meet — of helping consumers manage their credit card debt.
Unable to Go On
As has been widely reported, and as detailed in a LinkedIn post, the California-based startup has come to the end of its road as it was, in the words of CEO Jason Brown, “unable to secure the necessary funding to continue our operations.” Tally had…
