# NerdWallet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nerdwallet

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.nerdwallet.com
- Total disclosed funding: $63M
- Latest round: Series A (Jan 30, 2015)
- Investors on record: 3

## About

Based in California, US, and founded in 2009, NerdWallet, Inc. operates a web and mobile app that provides personal financial advisory and management platforms that help users find credit cards, CD rates, savings, checking accounts, scholarships, healthcare, and airlines. Tim Chen and Jacob Gibson are the co-founders. In November 2021, NerdWallet, Inc. closed its initial public offering (IPO) of 8,337,500 shares of Class A common stock at a price to the public of USD 18.00 per share. It is trading on the Nasdaq under the symbol "NRDS". NerdWallet, Inc. provides a digital platform for both individual consumers and mid-sized businesses to make financial decisions. The company offers financial advisory services related to credit cards, investing, insurance, student loans, mortgages, personal loans, banking, travel, and others. Additionally, the company offers helpful tools to do a side-by-side comparison, smart calculators, simulators, and insights for users to get options regarding financial products. In addition, the company provides a mobile application for Android as well as iOS users across the US, the UK, and Canada. The company generates revenue as it charges a commission to financial institutions, such as banks and mortgage lenders, for each customer signed up. NerdWallet’s first two quarters of 2021 had an almost 33% increase in top-line revenue over the same period in 2020. It made USD 245.3 million in revenue in 2020 and around USD 228.3 million in 2019.

## Funding rounds

- Series A, Jan 30, 2015, $63M — Institutional Venture Partners, RRE Ventures, iGlobe Partners

## Investors

- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series A
- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series A
- iGlobe Partners (https://capitalatlas.ai/funds/iglobe-partners) — Series A