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About NerdWallet
Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
IPO
Total Funding
$67.1M
Headquarters
San Francisco, California
Founded
2009
Overview
NerdWallet offers a financial guidance platform that helps individuals make informed decisions about their money. It provides resources and tools for users to find the best credit cards, improve their credit scores, secure mortgages, and manage various financial products. The platform is user-friendly, featuring detailed comparisons, calculators, and educational content to simplify complex financial concepts. Unlike many competitors, NerdWallet operates on an affiliate marketing model, earning revenue through partnerships with financial institutions while offering its services for free to users. The company's goal is to empower consumers to make smarter financial decisions by providing comprehensive and easy-to-understand information and tools.
Simplify's Take
What believers are saying
- Growing demand for financial literacy tools boosts NerdWallet's user engagement.
- Partnerships with fintech firms enhance NerdWallet's comprehensive financial solutions.
- Rising interest in ethical investing aligns with NerdWallet's tailored advice offerings.
What critics are saying
- Next Door Lending's past compliance issues pose potential regulatory risks for NerdWallet.
- Affiliate marketing reliance may be threatened by shifts in financial institutions' budgets.
- Intensifying competition in personal finance could erode NerdWallet's market share.
What makes NerdWallet unique
- NerdWallet offers personalized, unbiased financial advice to empower consumer decision-making.
- The platform integrates financial tools and expert content for comprehensive financial guidance.
- NerdWallet's user-friendly design simplifies complex financial concepts for a broad audience.
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Funding
Total Funding
$67.1M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Health and wellness
Retirement support
True work-life balance
Career development
Employee resource groups
Employee engagement
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 6%2 year growth
↑ 11%SAN FRANCISCO-(BUSINESS WIRE)-Jan. 2, 2025- NerdWallet, Inc. (Nasdaq: NRDS), a personal finance website and app that provides financial guidance to consumers and small and mid-sized businesses (SMBs), today announced the winners of its 2025 Best-Of Awards.
By integrating Openbay's services into NerdWallet's platform, consumers can now address their car care needs alongside their financial planning.
Nerdwallet acquired Next Door Lending, a mortgage brokerage owned by Jonathon Haddad, CEO of the Association of Independent Mortgage Experts, for $1 million. The deal closed on Oct. 1, with potential performance-based earnouts of up to $3.5 million for certain NDL employees. NDL is expected to contribute 1%-2% to Nerdwallet's Q4 revenue growth. Four months before the sale, NDL was fined $45k by a Pennsylvania regulator for operating without a license.
M&A Nerdwallet acquires mortgage brokerage owned by AIME CEO Nerdwallet purchased Next Door Lending for $1 million, SEC filings show.
I saw that NerdWallet, the personal finance site, recently released its annual summer travel report, and it found that 91% of travelers plan to cut back on vacation expenses this summer because of inflation.
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About NerdWallet
Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
IPO
Total Funding
$67.1M
Headquarters
San Francisco, California
Founded
2009
NerdWallet is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today