Tally Hires Top Fintech Executives to Accelerate Nationwide Expansion of Automated Debt Payoff Services
Former Betterment and SoFi leaders to help steer the company through next phase of growth and aide more Americans in economic crisis
November 24, 2020
Today, we announced two additions to our executive team: Anthony Schrauth, Vice President of Product, and Meg Ciarallo, Vice President of Marketing. Both bring deep consumer fintech expertise to Tally and have been tapped to aggressively expand the company’s reach and product capabilities to help millions more people effortlessly manage and pay off their debt.
“Financial anxiety has always been a huge source of stress for people, which has only been exacerbated by the pandemic. The team at Tally felt an increased urgency and responsibility to find more ways to help Americans better manage their money,” said Jason Brown, CEO and co-founder of Tally. “Anthony and Meg bring the talent, experience and empathy critical for bringing financial peace of mind to the masses through Tally, and we’re thrilled to have them on board to help lead the charge.”
Anthony is the former Chief Product Officer of Betterment, the first and largest robo-advisor, which currently manages over $22 billion in assets. As one of the original members of the Betterment team, Anthony helped build the company from the ground up - from four people to hundreds of employees - and was the driving force behind its widely popular product suite.
Meg is a highly respected consumer marketing leader with a proven track record of building brands that people know and trust. She was Vice President of Brand Marketing at SoFi where she was key to turning an unknown startup into one of the most beloved brands in financial services. Most recently she led global brand marketing for StubHub, the world’s largest ticketing marketplace.
During the economic shutdown brought on by the COVID-19 pandemic, many Americans have become increasingly focused on paying off their debt. Recognizing this heightened demand for financial stability, we have accelerated our plans to offer our services nationwide to people regardless of their credit score. Historically, a person needed a 660+ FICO score in order to take advantage of Tally’s automated debt manager, but we will begin rolling out a service for all consumers this year.
Since launching the first automated debt manager in 2017, Tally has saved people millions of dollars in interest and late fees and is managing nearly a billion dollars of consumer debt. The company has raised $92 million from top investors including Andreessen Horowitz, Kleiner Perkins and Cowboy Ventures to automate people's financial lives.