8/11/2023 0 Comments Nerdwallet compare credit cards![]() ![]() ![]() Archived from the original on 23 April 2010. "Interview with Tim Chen, Founder of NerdWallet". "The $520 Million Company That's Solving All Your Financial Needs". Archived from the original on 27 August 2010. ^ Saranow Schultz, Jennifer (August 25, 2010)."Scorching FinTech Market Keeps Attracting New Players as NerdWallet Raises $64 Million". ^ a b Shieber, Johnathan (May 11, 2015).The company added Lynne Laube and Jennifer Ceran to its board of directors. ![]() In 2020, former eBay executive Lauren St. As part of this move, the company announced Yoo would transition from full-time employment into an advisory role. In April 2017, the company laid off over 40 employees, representing 8% of its staff, including the VP of Growth, as part of a reorganization. By 2015, the company had 200 employees and added Vikram Pandit and James D. In March 2014, former LinkedIn VP Dan Yoo replaced co-founder Gibson as chief operating officer and Flo Thinh joined as VP of Talent. The company's "transparent" and "self-critical" management style was reset in 2013, when Chen fired 20% of the workforce and restructured company management into a flatter "matrix" structure. Tim Chen is the CEO and co-founder of NerdWallet and board member at the National Foundation for Credit Counseling. Co-founder Chen reported that the company became profitable by virtue of the fees it earned through matching users with financial products and services. In exchange for new customers, affiliated banks pay NerdWallet a success fee. īy May 2015, the company developed business relationships with eight banks and a dozen insurance companies. Its web site is directed primarily towards Millennials and provides information on credit card selection and benefits, college loans, banking, mortgage loans, stock trading and insurance policies. They do so by providing both reviews and comparison of different financial products, including credit cards, banking, investing, loans and insurance. ![]() The company's goal is to provide information that educates users in making financial decisions. In July 2022, NerdWallet acquired On the Barrelhead, a consumer debt robo-advisor platform, for $120 million. In November 2021, the company went public on the Nasdaq stock exchange. In 2021, NerdWallet partnered with Inclusiv, a nonprofit network of community development credit unions, and committed to move millions of dollars to local credit unions to advance financial equity. In August 2020, the company expanded its footprint into the UK by acquiring Know Your Money, a Norwich-based startup that provides a similar range of comparison and information tools geared at people who live in the UK In November 2020, NerdWallet acquired small business loan marketplace, Fundera. In 2017, company growth slowed, resulting in the layoff of 11 percent of its employees. In 2016, the company acquired the retirement planning firm AboutLife, and was valued at $520 million. The following year, it raised $64 million in its first round of funding, at an estimated valuation of $500 million. Website traffic grew quickly in 2010 and, by March 2014, the website had up to 30 million users. Subsequently, it generated large quantities of content to help boost its search engine results. Its first product was a web application that provided comparative information about credit cards. NerdWallet was founded in August 2009 by Tim Chen and Jacob Gibson, with an initial capital investment of $800. It has a website and app that earns money by promoting financial products to its users. NerdWallet is an American personal finance company, founded in 2009 by Tim Chen and Jacob Gibson. ![]()
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