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LendingClub and Pagaya Acquire Tally’s Credit Card Management Tech

  • LendingClub and Pagaya have acquired Tally Technologies' intellectual property, including its credit card management platform.
  • LendingClub aims to use the acquisition to enhance its member engagement platform and provide better tools for managing credit card debt.
  • Pagaya intends to integrate Tally's technology into its B2B offerings, offering advanced credit management solutions to its lending partners.
  • Tally had to close its operations due to funding difficulties after raising $172 million in cumulative funding.

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