51 min listen
How Tally Overcame the Challenge of Trust for a New Financial Service to Drive Breakout Growth
How Tally Overcame the Challenge of Trust for a New Financial Service to Drive Breakout Growth
ratings:
Length:
43 minutes
Released:
Aug 13, 2020
Format:
Podcast episode
Description
In this episode of The Breakout Growth Podcast, Sean Ellis interviews Tally’s Vice President of Growth, Mark Powlen. Tally offers an automated debt manager, which analyzes a user’s financial profile to determine the best and fastest way to pay down credit card debt. Their algorithm finds the lowest available interest rates and leverages an integrated credit line to saves customers money as they reduce their debt. Tally only makes money when their customers derive this value, and this deliberate “alignment with users” is an underlying theme of Tally’s breakout growth success story (24:58).
Making users less stressed and better off financially is the company’s mission, and to make this actionable the company has built teams and processes around a North Star Metric that focuses on how quickly users are getting out of debt (23:40). This informs and drives a test, learn and adapt growth approach driven by Tally’s dedicated growth team, but embraced company-wide (13:05).
In this episode, we will learn how Tally drives growth through cross-functional alignment and how intentional growth leadership has made this possible even as the company has grown to a team of 132 employees from just 8 four years ago. We will also dig deep into Mark’s approach to high-velocity experimentation and learn how the development and prioritization of tests leverage quantitative learnings from analytics paired with qualitative information from user research and customer support feedback loops. For fans of Sean Ellis’ “Hacking Growth” this episode will certainly resonate, as Mark and his team have embraced the book’s key principles on their way to breakout growth success.
In this episode of The Breakout Growth Podcast, Sean Ellis interviews Tally’s Vice President of Growth, Mark Powlen. Tally offers an automated debt manager, which analyzes a user’s financial profile to determine the best and fastest way to pay down credit card debt. Their algorithm finds the lowest available interest rates and leverages an integrated credit line to saves customers money as they reduce their debt. Tally only makes money when their customers derive this value, and this deliberate “alignment with users” is an underlying theme of Tally’s breakout growth success story (24:58).
Making users less stressed and better off financially is the company’s mission, and to make this actionable the company has built teams and processes around a North Star Metric that focuses on how quickly users are getting out of debt (23:40). This informs and drives a test, learn and adapt growth approach driven by Tally’s dedicated growth team, but embraced company-wide (13:05).
In this episode, we will learn how Tally drives growth through cross-functional alignment and how intentional growth leadership has made this possible even as the company has grown to a team of 132 employees from just 8 four years ago. We will also dig deep into Mark’s approach to high-velocity experimentation and learn how the development and prioritization of tests leverage quantitative learnings from analytics paired with qualitative information from user research and customer support feedback loops. For fans of Sean Ellis’ “Hacking Growth” this episode will certainly resonate, as Mark and his team have embraced the book’s key principles on their way to breakout growth success.
We discussed:
How lessons of the last financial crisis have helped Tally through Covid-1
Making users less stressed and better off financially is the company’s mission, and to make this actionable the company has built teams and processes around a North Star Metric that focuses on how quickly users are getting out of debt (23:40). This informs and drives a test, learn and adapt growth approach driven by Tally’s dedicated growth team, but embraced company-wide (13:05).
In this episode, we will learn how Tally drives growth through cross-functional alignment and how intentional growth leadership has made this possible even as the company has grown to a team of 132 employees from just 8 four years ago. We will also dig deep into Mark’s approach to high-velocity experimentation and learn how the development and prioritization of tests leverage quantitative learnings from analytics paired with qualitative information from user research and customer support feedback loops. For fans of Sean Ellis’ “Hacking Growth” this episode will certainly resonate, as Mark and his team have embraced the book’s key principles on their way to breakout growth success.
In this episode of The Breakout Growth Podcast, Sean Ellis interviews Tally’s Vice President of Growth, Mark Powlen. Tally offers an automated debt manager, which analyzes a user’s financial profile to determine the best and fastest way to pay down credit card debt. Their algorithm finds the lowest available interest rates and leverages an integrated credit line to saves customers money as they reduce their debt. Tally only makes money when their customers derive this value, and this deliberate “alignment with users” is an underlying theme of Tally’s breakout growth success story (24:58).
Making users less stressed and better off financially is the company’s mission, and to make this actionable the company has built teams and processes around a North Star Metric that focuses on how quickly users are getting out of debt (23:40). This informs and drives a test, learn and adapt growth approach driven by Tally’s dedicated growth team, but embraced company-wide (13:05).
In this episode, we will learn how Tally drives growth through cross-functional alignment and how intentional growth leadership has made this possible even as the company has grown to a team of 132 employees from just 8 four years ago. We will also dig deep into Mark’s approach to high-velocity experimentation and learn how the development and prioritization of tests leverage quantitative learnings from analytics paired with qualitative information from user research and customer support feedback loops. For fans of Sean Ellis’ “Hacking Growth” this episode will certainly resonate, as Mark and his team have embraced the book’s key principles on their way to breakout growth success.
We discussed:
How lessons of the last financial crisis have helped Tally through Covid-1
Released:
Aug 13, 2020
Format:
Podcast episode
Titles in the series (92)
Mobile app Robokiller coinventor, Ethan Garr, shares how his passionate team rapidly grew from product-market fit to an acquisition by IAC.: In this episode of The Breakout Growth Podcast, Sean Ellis interviews Ethan Garr, the SVP of Growth at Teltech, the makers of RoboKiller. RoboKiller has been nominated by Apple as the App of The Day in addition to consistently being ranked in the top twenty for utility app downloads. It has been featured on both local and national news programs around the USA as an important solution to battling robo callers. Due largely to the growth success of RoboKiller, Teletech was acquired by IAC earlier this year. Sean’s goal with this interview is to deconstruct what is truly driving breakout growth for RoboKiller. Their growth starts with strong product/market fit and the worthy mission of reducing the number of robocalls that annoy all of us on a daily basis. Their solution is a mobile app that detects robocalls and wastes the time of the spammer by keep by The Breakout Growth Podcast