What is NerdWallet?
NerdWallet is a mission-driven personal finance company committed to empowering consumers and small to medium-sized businesses with the clarity and confidence needed to make informed financial decisions. The company cultivates a supportive and inclusive culture, referred to as 'Nerds,' fostering professional and personal growth through a remote-first approach. NerdWallet emphasizes diverse recruitment, comprehensive development programs, and regular pay equity reviews. Employee resource groups further enhance the inclusive community, supporting various identities and experiences within the organization. The company's dedication to financial literacy and accessible tools positions it as a key player in the fintech landscape.
How much funding has NerdWallet raised?
NerdWallet has raised a total of $230.5M across 3 funding rounds:
Debt
$36M
Series A
$64M
Stock Offering
$130.5M
Debt (2015): $36M with participation from Silicon Valley Bank
Series A (2015): $64M led by RRE Ventures, Sean Black, Joe Montana, iGlobe Partners, and Core Innovation Capital
Stock Issuance/Offering (2021): $130.5M, investors not publicly disclosed
Key Investors in NerdWallet
Silicon Valley Bank
Silicon Valley Bank is a financial group offering a comprehensive suite of banking and investment services, known for its support of technology and innovation-focused companies.
RRE Ventures
RRE Ventures is a venture capital firm that partners with founders at critical stages, investing in a diverse portfolio of startups to foster growth and success.
iGlobe Partners
iGlobe Partners is a Singapore-based venture capital firm specializing in identifying and nurturing startups to become global leaders across technology, healthcare, and energy sectors.
What's next for NerdWallet?
With the recent major strategic investment and a substantial total funding amount of $230.5M, NerdWallet is poised for accelerated growth and market leadership. The company is likely to leverage this capital to enhance its product offerings, expand its user base, and potentially explore new market segments within the personal finance ecosystem. Strategic initiatives may include further technological advancements, strategic acquisitions, or deepening partnerships to broaden its reach. The company's focus on a remote-first, inclusive culture also suggests continued investment in its human capital, aiming to attract and retain top talent essential for driving innovation and executing its ambitious growth strategy.
See full NerdWallet company page
