Here's what Intuit's $8.1 billion acquisition means for Credit Karma - Business Insider

Its scale and reach proved attractive to Intuit, whichOn December 3rd, the acquisition closed, contingent on Credit Karma selling its tax offering to Square, which was a requirement of the dealThe deal ultimately closed for $8.1 billion in cash and stock, $1 billion more than the.

Lin said the deal has the potential to be viewed as a "turning point" for consumers a decade from now thanks to the ability for both companies to pool resources, data elements, and cutting-edge tech. Banks and fintechs have evolved financial offerings and used new sets of data to make credit decisions, but consumers have been left behind, Lin said. As a result, the space has the potential to be transformed, he added.

With that data, Credit Karma can simplify historically complex and manual processes, like applying for credit and refinancing a mortgage. By proactively looking for more cost-effective credit and automating application processes, Credit Karma wants to change the way consumers overpay for financial products.

"That is kind of how consumers stand to benefit. When you bring Intuit into the equation, you really turbo charge it," Lin said.As bright as the future looks for Intuit and Credit Karma, that's not to say there weren't bumps along the way.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks making the biggest moves in the premarket: Lowe's, GameStop, Square, Intuit & moreThe stocks making the biggest moves in premarket trading include Lowe's, GameStop, Square, Intuit, and more. Thank you for having me on, jonfortt carlquintanilla SquawkAlley.
La source: CNBC - 🏆 12. / 72 Lire la suite »

What the new COVID-19 stimulus means for airlines; $15 billion in aid - Business InsiderThe new stimulus includes $15 billion for airlines to bring back furloughed workers but their jobs may only last a few months Will the stimulus be able to purchase some masks for AlaskaAir ‘s flight crew at least $15m for airlines with employees not wearing masks but my mom is still dead. Thanks a lot CDCgov AlaskaAir
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Tesla in for single-digit billion eur amount in German subsidies: Business InsiderElectric vehicles maker Tesla stands to receive a single-digit billion euro amount in public funding from Germany for setting up a battery cell factory near Berlin, Business Insider reported on Monday. Couple of months ago I came across a recommendation about DennisWilliam78 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation Unrelated - Tesla Model S. A bit more aggressive look for a sedan that fast. in bitcoin only ,please😆
La source: Reuters - 🏆 2. / 97 Lire la suite »

SpaceX valuation to hit at least $60 billion in new funding round - Business InsiderElon Musk's rocket company SpaceX could be valued at a minimum of $60 billion as it finalizes a funding round expected to close in February, Business Insider reported on Thursday, citing three people familiar with the matter. Wish all the Billionaires are like Musk, a real pioneer dogecoin helps Couple of months ago I came across a recommendation about DennisWilliam77 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation
La source: Reuters - 🏆 2. / 97 Lire la suite »