10:09 AM EDT, 10/09/2024 (MT Newswires) -- LendingClub ( LC ) and Pagaya Technologies ( PGY ) have partnered to acquire the intellectual property of Tally Technologies, which simplifies credit card management, the companies said Wednesday.

LendingClub ( LC ) plans to integrate Tally's platform to enhance its member engagement strategy, while Pagaya ( PGY ) will incorporate Tally's technology into its B2B offerings for lending partners.

Tally ceased operations in August, the companies said.

Financial terms were not disclosed.

LendingClub ( LC ) shares were up 3.1% in recent trading, while Pagaya ( PGY ) was 1% higher.

Price: 11.56, Change: +0.13, Percent Change: +1.14