Friday, May 20, 2016

Tally Takes $15M To Manage Your Credit Card Payments

San Francisco-based Tally, a new startup looking to help consumers manage their credit card payments, said Thursday that it has raised $15M in a Series A funding round. The funding was led by Shasta Ventures, and also included AITV, Silicon Valley Bank, Cowboy Ventures. Sean Flynn of Shasta Ventures joins the company's board as part of the funding round. The company says it is developing a credit card management app, which helps users figure out if they're being overcharged on their APR, keeps tracks of balances and due dates, and more. Part of the company's business is a "Tally Credit Line", which the company says it uses to pay a user's credit cards each month.