[6] At that time, it had 183 employees and was valued at $855 million, with its headquarters located in San Franciso's Potrero Hill neighborhood.

[6] Jason Brown and Jasper Platz, who previously founded Gen110, Inc., a solar energy company funded by Kleiner Perkins Caufield & Byers,[7][8] started Tally in 2015.

[3] Brown and Platz realized that since credit card annual percentage rates (APRs) are typically 15 to 20 percent[2] and late fees are common,[9] there was an opportunity to make credit cards "less expensive and easier to manage."

In May 2016, the company secured a $15 million Series A round led by Sean Flynn at Shasta Ventures, with participation from existing investors, as well as Silicon Valley Bank (Nasdaq: SIVB).

[5] Tally also offers the feature of sending payments automatically, so that users can pay their bills on time.