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Personal finance firm NerdWallet reveals jump in revenue in IPO filing

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:NerdWallet Inc on Friday made public its paperwork for a U.S. initial public offering that showed a more than 32per cent jump in revenue for the consumer financial advice website. The San Francisco-based company did not share terms for the offering, but two sources close to the matter said in May it could s

:NerdWallet Inc on Friday made public its paperwork for a U.S. initial public offering that showed a more than 32per cent jump in revenue for the consumer financial advice website.

The IPO follows a flurry of financial technology companies that have listed their shares in New York this year, such as buy-now-pay-later firm Affirm Holdings Inc, online brokerage Robinhood Markets Inc and cryptocurrency exchange Coinbase Global Inc. The company was founded in 2009 by former hedge fund executive Tim Chen and Jake Gibson, a former trader at JPMorgan Chase & Co. It provides financial guidance to users on credit cards, loans, mortgages and other financial products.

In the six months ended June 30, the company reached 21 million unique users per month and generated US$181.6 million in revenue compared with US$137.3 million a year earlier, according to the filing.

 

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