Tally, a credit card debt management platform, has closed its doors due to a lack of funds to run its operations, founder and CEO Jason Brown said in a LinkedIn post Monday.
The nine-year-old fintech decided to shut down after considering all alternatives, underscoring the current difficulties facing financial technology companies.
“This was not the outcome we had hoped for, but after exploring all options, we were unable to secure the necessary funding to continue our operations,” Brown wrote without clarifying when the company notified its staff and customers about its decision.
According to the company, Tally’s automated debt manager is the first of its kind, letting…
