Windsor Drake
Transaction · Lending Tech (Consumer) · 2024

LendingClub Bank & Pagaya / Tally 2024

LendingClub Bank and Pagaya Technologies acquired Tally on October 9, 2024.

Target
Tally
Acquirer
LendingClub Bank and Pagaya Technologies
Announced
October 9, 2024
Sub-sector
Lending Tech (Consumer)

Transaction overview

  • LendingClub Bank and Pagaya Technologies announced the acquisition of Tally on October 9, 2024.

Strategic rationale

LendingClub acquires consumer credit management assets to enhance debt management platform; Pagaya acquires B2B offering to extend white-labeled debt management to lending clients.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
October 9, 2024
Acquirer
LendingClub Bank and Pagaya Technologies (Strategic)
Sub-sector
Lending Tech (Consumer)

Sources

Comparable transactions in Lending Tech (Consumer)

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TendoPay Transaction Tonik Financial Lending Tech (Consumer) December 2, 2022
Prodigy Software Transaction Upstart Holdings Lending Tech (Consumer) April 1, 2021