Intuit is Rumored to be Eyeing More Fintech Acquisitions

With their recent acquisition of Credit Karma still fresh in everyone’s minds Intuit is rumored to be eyeing more fintechs; PYMNTS.com says the company is potentially looking to acquire Credit Sesame, NerdWallet and Finicity; the market turmoil could help drive down valuations and make a target more attractive; “There is a lot of money on the sidelines, and I would expect companies to take advantage,” one banker said to PYMNTS.com; Intuit said they do not comment on speculation or rumors; Finicity is reportedly worth between $1bn and $2bn, Credit Sesame could potentially sell for between $500mn and $750mn and he amount that NerdWallet would sell for is unknown. PYMNTS

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