Pagaya Technologies and LendingClub Corporation announced a joint acquisition of the intellectual property behind Tally Technologies, Inc. Tally's technology focused on simplifying credit card management, helping users optimize payments and improve credit health. This strategic move aims to integrate Tally's innovations into the acquiring companies' offerings.
Pagaya plans to enhance its white-label B2B solutions by incorporating the Tally product as a value-added offering for its network of over 30 lending partners. This integration is expected to provide advanced credit management solutions that partners can offer to their customers under their own brands.
Sanjiv Das, President of Pagaya, stated that embedding Tally into their B2B offerings significantly enhances the value provided to partners through their suite of cutting-edge products. The acquisition follows Tally's cessation of operations in August 2024, allowing its innovations to continue benefiting consumers.
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