TurboTax maker Intuit nears agreement to buy Credit Karma for $7 billion
Monday, February 24, 2020, 8:16 AM
Intuit Inc is nearing an agreement to buy financial technology portal Credit Karma Inc for about $7 billion, the Wall Street Journal reported. According to the deal, Credit Karma will function as a stand-alone business with its chief executive, Kenneth Lin, remaining in charge, the newspaper said. Mountain View, California-based Intuit went public in 1993, a decade after it was founded.
Flipkart is set to enter the financial services space
Wednesday, July 4, 2018, 6:36 PM
Homegrown e-commerce startup Flipkart is set to enter financial services business and has applied for an NBFC (Non-Banking Financial Company) license to focus on consumer lending. The startup will start its services with microlending and micro-insurance for e-commerce purchases on its website. The first set of financial products from Flipkart are expected to be launched in the next three months.
Truecaller to roll out credit & financial services
Wednesday, June 13, 2018, 3:46 PM
Truecaller has announced its acquisition of Indian payments startup Chillr to strengthen its payments business in the country. The Swedish company said it will roll out credit and other financial services to Indian users in the coming months. Chillr co-founder Sony Joy will join as the vice president of Truecaller Pay, while the full team will be absorbed by the company.