NEW YORK, March 15, 2022 /PRNewswire/ — Even financial (“Even”), the category-leading integrated finance marketplace and independently managed subsidiary of MoneyLion, Inc. (NYSE: ML), announced a new partnership with Tally, a leading financial automation company, to include the company’s low-interest credit offerings on its platform.
“Tally has built a powerful system of technology to help people solve one of today’s biggest financial problems: paying off credit card debt,” said Phil Rosen, Founder and CEO of Even. “We are delighted to welcome Tally’s line of credit offerings to Even’s unparalleled network of financial service providers.”
Tally is designed to help its members pay off debt faster and save money on interest and late fees. Members can lower their monthly payment with Tally’s low interest line of credit, if eligible. Generally, at least a FICO score of 580 is required. Tally’s system is customized to save people as much money as possible.
“Americans today owe nearly $1 trillion in credit card debt. We know from our research that many want to pay off their debt but are struggling to get started. That’s where Tally comes in,” said Jason Huynh, vice president of credit, analytics and operations at Tally. “Our system combines financial automation with a low-interest line of credit to give people the help they need to get on track to paying off their credit card debt for good. We’re thrilled that our partnership with Even will allow Tally to help even more people.”
The launch of Tally on the Even platform allows consumers to be matched with Tally’s personalized low interest line of credit accounts of up to $25,000 in just a few minutes. After being matched, eligible consumers complete the process through the Tally app. There are no reimbursable fees.
Tally is the latest partner to join the Even marketplace, a growing network of over 400 financial services partners and 500 channel partners covering a wide range of financial services including loans, credit cards, mortgages, l savings and insurance products. Even’s marketplace technology enables any business to add financial products to their business, compliantly and securely, at scale.
About Even Financial
Even digitally connects and connects consumers with real-time, personalized financial product recommendations from banks, insurance companies, and fintechs on mobile apps, websites, and other touchpoints. digital contact thanks to its market technology. Even’s infrastructure leverages machine learning and advanced data science to solve a significant problem in customer acquisition in financial services, by seamlessly connecting financial service providers (such as SoFi ) and distribution partners (such as TransUnion) through its state-of-the-art API and integrated financial markets. Even enables any business to add financial products to their business, with full compliance and security at scale. Even was named one of “America’s Top Startup Employers” by Forbes for 2021 and was named to the 2021 Deloitte Technology Fast 500, which recognizes the world’s fastest growing technology companies. www.evenfinancial.com.
Tally is a consumer financial technology company pioneering full-service financial automation to help people save money, pay off debt, and reach their goals faster. Founded in 2015, the company built the first fully automated debt manager to help put billions of dollars back in people’s pockets. In 2021, Tally was named to Fast Company’s Most Innovative Companies list and Quartz’s Best Companies for Remote Workers list. Previously, Tally was on Forbes’ Next Billion Dollar Startups list, Forbes’ Fintech 50 list, and the app won Real Simple’s Smart Money award. Learn more at meettally.com.
SOURCEEven Financial, Inc.