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Andreessen Horowitz-Backed Tally Shuts Down In 'Difficult And Sad' End After Funding Shortfall
Andreessen Horowitz-backed fintech startup Tally, once a beacon of hope for consumers drowning in credit card debt, has officially shut its doors. Despite raising a hefty $172 million over its nine-year run, the San Francisco-based company has hit the brakes, unable to secure the funding needed to keep its operations alive.
The Pivot That Never Took Off
Founded in 2015, Tally's mission was simple yet ambitious: help consumers manage and pay off high-interest credit card debt through a lower-interest loan. With a model designed to bring relief to financially stretched consumers, the startup gained significant traction, attracting the attention of heavyweight investors like Andreessen Horowitz, who led its $50 ...