About NerdWallet
NerdWallet is a company based in San Francisco (United States) founded in 2009.. NerdWallet has raised $123.3 million across 3 funding rounds from investors including Camelot Capital, IGlobe Partners and RRE Ventures. The company has 650 employees as of December 31, 2024. NerdWallet has completed 3 acquisitions, including Fundera, Know Your Money and aboutLife. NerdWallet operates in a competitive market with competitors including Insurify, SelectQuote, EverQuote, The Zebra and LendingTree, among others.
- Headquarter San Francisco, United States
- Employees 650 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nerdwallet, Inc.
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Annual Revenue
$687.6 M14.71as on Dec 31, 2024
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Net Profit
$30.4 M357.63as on Dec 31, 2024
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EBITDA
$71.6 M25.17as on Dec 31, 2024
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Total Equity Funding
$123.3 M (USD)
in 3 rounds
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Latest Funding Round
$54.3 M (USD), Series B
Dec 01, 2020
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Investors
Camelot Capital
& 3 more
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Employee Count
650
as on Dec 31, 2024
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Investments & Acquisitions
Fundera
& 2 more
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IPO & Listings of NerdWallet
NerdWallet is a publicly listed company on the NASDAQ with ticker symbol NRDS in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
87 people
Sales and Marketing
31 people
Product Management Team
24 people
Leadership Team
16 people
Head Team
12 people
Human Resources and Administration
12 people
Data Analysis and Operations Team
12 people
Finance and Accounting
11 people
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Funding Insights of NerdWallet
NerdWallet has successfully raised a total of $123.3M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $54.3 million completed in December 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $54.3M
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First Round
First Round
(12 May 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series B - NerdWallet | Valuation |
investors |
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| Oct, 2015 | Amount | Series A - NerdWallet | Valuation | Camelot Capital |
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| May, 2015 | Amount | Series A - NerdWallet | Valuation | IVP |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NerdWallet
NerdWallet has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Camelot Capital, IGlobe Partners and RRE Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech and life Science focused early stage VC firm investing in the US
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Founded Year | Domain | Location | |
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VC firm investing in seed and early stage companies in the US
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Founded Year | Domain | Location | |
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Growth in technology companies is supported through venture capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NerdWallet
NerdWallet has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Fundera, Know Your Money and aboutLife. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Small businesses are connected to prescreened lenders by Fundera.
|
2013 | ||||
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Retirement Goal Planning and Savings App
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2013 | ||||
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Provider of a comparison platform of financial products
|
2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - NerdWallet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nerdwallet Comparisons
Competitors of NerdWallet
NerdWallet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Insurify, SelectQuote, EverQuote, The Zebra and LendingTree, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Car insurance quotes are compared via an online platform.
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| domain | founded_year | HQ Location |
Online comparisons of life insurance quotes are facilitated for individuals.
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| domain | founded_year | HQ Location |
Online comparison platform for automotive & other insurances
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| domain | founded_year | HQ Location |
An online platform for comparing insurance quotes is operated.
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| domain | founded_year | HQ Location |
Provider of a platform for loan and other consumer financial product comparison
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nerdwallet
Frequently Asked Questions about NerdWallet
When was NerdWallet founded?
NerdWallet was founded in 2009 and raised its 1st funding round 6 years after it was founded.
Where is NerdWallet located?
NerdWallet is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is NerdWallet a funded company?
NerdWallet is a funded company, having raised a total of $123.3M across 3 funding rounds to date. The company's 1st funding round was a Series A of $64M, raised on May 12, 2015.
How many employees does NerdWallet have?
As of Dec 31, 2024, the latest employee count at NerdWallet is 650.
What is the annual revenue of NerdWallet?
Annual revenue of NerdWallet is $687.6M as on Dec 31, 2024.
What does NerdWallet do?
NerdWallet offers an app-based comparison platform for financial products. It offers comparisons for consumer business loans, mortgage loans, credit cards, insurance, travel bookings, savings current accounts, investments, and more. It also enables users to monitor credit scores. The app is available on iOS and Android devices.
Who are the top competitors of NerdWallet?
NerdWallet's top competitors include Insurify, SelectQuote and LendingTree.
Is NerdWallet publicly traded?
Yes, NerdWallet is publicly traded on NASDAQ under the ticker symbol NRDS.
How many acquisitions has NerdWallet made?
NerdWallet has made 3 acquisitions, including Fundera, Know Your Money, and aboutLife.
Who are NerdWallet's investors?
NerdWallet has 4 investors. Key investors include Camelot Capital, IGlobe Partners, RRE Ventures, and IVP.
What is NerdWallet's ticker symbol?
The ticker symbol of NerdWallet is NRDS on NASDAQ.
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