NerdWallet raises $5M

What does NerdWallet do?

NerdWallet, is a company which provides empowerment and financial education through online tools, research and experts to help people lead better lives. The company provides small businesses and consumers the clarity around all of the financial decisions in life. When it comes to bank accounts, credit cards, insurance, mortgages, loans or expenses such as medical bills, hospital costs, consumer make almost all their decisions in the dark. The company is changing all of it, helping guide the consumers decisions with accessible tools, research and expert advice for free.

How much NerdWallet was funded?

NerdWallet raised $5M in Series A funding on October 21^st, 2015.

Previous funding

• $33M in Debt financing on May 11^th, 2015 from Silicon Valley Bank
• $64M in Series A on May 11, 2015 from RRE Ventures, Joe Montana, Sean Black and iGlobe Partners

What is next for NerdWallet?

NerdWallet has raised a total of $69M to date. The company has announced that CEO and chairman of Camelot Financial Capital Management LLC, Simon Williams, has been elected to be the company’s board of directors.

More about NerdWallet

NerdWallet was founded in 2009 by Tim Chen and Jacob Gibson. It has its headquarters in San Francisco, CA.  The company provides consumers clarity around key financial decisions at all stages of lives. When it comes to the expenses such as hospital costs or medical bills, insurance, credit cards, loans etc, consumers can make almost all of their decisions in the dark. The company is changing this, helping guide customer decisions with free and accessible tools, expert advice and research which can be found anywhere else. The company is placing knowledge in the customers wallet. This company is named as one of the Bay Area News Group’s Best Places to work. The company offers world class benefits package, amazing perks, flexible vacations etc.