LendingClub rises after acquisition of Tally Technologies' assets

Pagaya Technologies

09/10/2024 18:29

** Shares of financial services company LendingClub  LC.N 
up 3.8% at $11.86
    ** Co partners with Pagaya Technologies  PGY.O  to acquire
the intellectual property behind Tally Technologies, which
simplifies credit card management 
    ** LendingClub to leverage Tally's credit management
solutions to benefit the bank's 5 million members 
    ** As of last close, stock up ~35.70% YTD

 (Reporting by Rishab Shaju in Bengaluru)
 ((Rishab.shaju@thomsonreuters.com))