Tally, a fintech startup aimed at helping users manage and pay down credit card debt, is shutting down after exhausting its financial resources.
Despite securing $172 million in funding from investors like Andreessen Horowitz (a16z), the company struggled to raise additional capital amid a tough economic environment. Tally's closure underscores the broader difficulties facing fintech firms, particularly as investor appetite for such ventures has waned, leading to increased financial pressures and an inability to sustain operations.
