NerdWallet Raises $64M in Series A

What does NerdWallet do?

NerdWallet, provides financial education and empowerment through research, online tools and experts advice to help people lead better lives. This platform is focuse on helping people  through financial education. When it comes to loans, insurance, credit cards or hospital expenses consumers make decision in the dark, but NerWallet is changing it through building online tools which are accessible and providing research and experts which can be found anywhere, everything to balance the consumer finance in favor of the consumer. The company calls it placing knowledge in your wallet.

How much NerdWallet was funded?

NerdWallet raised $64M in Series A funding  led by IVP- Institutional Venture Partners along with RRE Ventures, iGlobe Partners and other angel investors. This is company’s first venture capital round.

It has also raised $36M in debt financing on May 11^th, 2015 from Silicon Valley Bank.

What is next for NerdWallet?

With the debt financing and the venture capital round, the total funding for the consumer finance decision startup amounts to $100M.

The company balances personal finance in favor of the consumer and it aims at providing economic well being for all people. The funding will be used to transform the personal finance industry.  It aims to be an informed and trusted source for consumers who turn to friends and family for advice on financial decision who are not experts. NerdWallet wants to bridge this gap.

More about NerdWallet

NerdWallet was founded on January 1^st, 2009 by Jacob Gibson and Tim Chen.  It can help you find the best financial products. It is one of the best sources for all of life’s financial decisions. It provides financial freedom and economic well being for everyone by balancing consumer fiancé in favor of the customer. It connects consumers with a huge network of expert finance professionals who answer your question.