Pagaya Technologies, a worldwide AI-driven financial technology business, and LendingClub Corporation, America's top digital marketplace bank, have teamed together to purchase Tally Technologies' intellectual property. Known for its cutting-edge credit card management platform, Tally provides customers with automated ways to maximize payments, lower interest rates, and strengthen credit. LendingClub will integrate Tally’s technology into its platform, enhancing its ability to help members manage debt. This acquisition also brings select former Tally employees to LendingClub, accelerating its strategy to provide members with better tools for debt management.
Tally's technology will be integrated into Pagaya Technologies' white-label B2B credit management solutions. Pagaya Technologies is well-known for its AI-powered network of 120 institutional investors and 31 lending partners. This move allows Pagaya to offer advanced debt management products to its partners, helping them provide more comprehensive solutions to their customers. With Tally's innovations, both LendingClub and Pagaya aim to enhance consumer access to better financial products, ensuring Tally’s technology continues to benefit consumers after the company ceased operations in August 2024.
