NerdWallet
American personal finance company
From Wikipedia, the free encyclopedia
NerdWallet is an American personal finance company, founded in 2009 by Tim Chen and Jacob Gibson. It has a website and app that earns money by promoting financial products to its users.
 | |
| Type of business | Public |
|---|---|
| Traded as | |
| Founded | August 2009 |
| Headquarters | San Francisco, California, U.S. |
| Created by |
|
| Key people | Tim Chen (CEO) |
| Industry | Personal finance, fintech |
| Revenue |  US$836.6 million (2025) |
| Operating income | US$65.2 million (2025) |
| Net income | US$48.7 million (2025) |
| Total assets | US$461.1 million (2025) |
| Total equity | US$374.5 million (2025) |
| Employees | 650 (2025) |
| URL | nerdwallet |
| [1] | |
History
NerdWallet was founded in August 2009 by Tim Chen and Jacob Gibson, with an initial capital investment of $800.[2][3] Its first product was a web application that provided comparative information about credit cards.[4] Subsequently, it generated large quantities of content to help boost its search engine results.[5][6] Website traffic grew quickly in 2010[7] and, by March 2014, the website had up to 30 million users.[4] The following year, it raised $64 million in its first round of funding, at an estimated valuation of $500 million.[2][4][8]
In 2016, the company acquired the retirement planning firm AboutLife, and was valued at $520 million.[7][9][10]
In August 2020, the company expanded its footprint into the UK by acquiring Know Your Money, a Norwich-based startup that provides a similar range of comparison and information tools geared at people who live in the UK[11] In November 2020, NerdWallet acquired small business loan marketplace, Fundera.[12]
In November 2021, the company went public on the Nasdaq stock exchange.[13]
In July 2022, NerdWallet acquired On the Barrelhead, a consumer debt robo-advisor platform, for $120 million.[14][15] In May 2023, Yahoo! Finance reported that NerdWallet's platform had an average of 23 million monthly users.[16]
In October 2024, NerdWallet bought the brokerage firm Next Door Lending.[17][18] In June 2025, NerdWallet expanded its wealth management services through its acquisition of Future You Wealth.[19]
Administration
Tim Chen is the CEO and co-founder of NerdWallet.[10][20] Following the dismissal of 11 employees in December 2013, NerdWallet reorganized its leadership structure.[10][21] By 2015, NerdWallet had 200 employees.[22][23] In April 2017, the company underwent further reorganization, laying off over 40 employees, including its VP of growth.[24] As of January 2026, the company had 650 employees.[1]