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8min chapter
889. News: ClearBank secures Dutch banking licence, a16z-backed Tally shuts down, and UK fintech investment nearly triples
Fintech Insider Podcast by 11:FS
The Fall of Tally: Financial Struggles in FinTech
This chapter explores the closure of Tally, emphasizing the economic pressures from rising interest rates and funding shortages that undermined its mission to assist consumers with credit card debt. It analyzes the challenges the company faced in maintaining investor confidence and the impact of market conditions on valuations. The discussion highlights the broader implications for the FinTech industry, particularly regarding consumer lending and the need for innovative solutions in financial services.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode