LendingClub & Pagaya Acquire Tally Technologies Assets; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
LendingClub and Pagaya have acquired assets from Tally Technologies. LendingClub aims to enhance its credit management solutions for its 5 million members, while Pagaya will integrate Tally's B2B credit management solution into its offerings for over 30 lending partners. The terms of the acquisition were not disclosed.
October 09, 2024 | 1:01 pm
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POSITIVE IMPACT
LendingClub has acquired assets from Tally Technologies to enhance its credit management solutions for its 5 million members.
The acquisition of Tally's assets is likely to enhance LendingClub's credit management offerings, potentially improving customer satisfaction and retention, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Pagaya has acquired Tally Technologies' B2B credit management solution to expand its product suite for over 30 lending partners.
By integrating Tally's B2B credit management solution, Pagaya can offer enhanced services to its lending partners, potentially increasing its market competitiveness and positively impacting its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70