
NerdWallet
Founded Year
2009Stage
IPO | IPOTotal Raised
$159.3MDate of IPO
11/4/2021Market Cap
0.71BStock Price
8.73Revenue
$0000About NerdWallet
NerdWallet (NASDAQ: NRDS) is a financial technology company. It provides consumers with financial advisory services on student loans, saving, investing, personal loans, and more. It was founded in 2009 and is based in San Francisco, California.
NerdWallet's Products & Differentiators
NerdWallet Mobile App
The NerdWallet app helps you with all sorts of financial decisions. You can keep tabs on all your finances in one place. Whether that’s staying on top of your spending and retirement savings or getting regular updates on your credit score activity, we help you track it while also helping you discover smart ways to master your money. We also provide recommendations on how to get the most for your money, how to build your credit score and more.
Research containing NerdWallet
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned NerdWallet in 1 CB Insights research brief, most recently on Oct 12, 2021.
Expert Collections containing NerdWallet
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
NerdWallet is included in 6 Expert Collections, including Wealth Tech.
Wealth Tech
2,051 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech 250
748 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Digital Lending
2,271 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Tech IPO Pipeline
286 items
Financial Wellness
245 items
Track startups and capture company information and workflow.
Fintech
8,095 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest NerdWallet News
Sep 29, 2023
Why retirees may want to buy an immediate annuity now Annuity payouts have been rising. Credit: Getty Images/izusek By NerdWallet Share An immediate annuity is an insurance product that provides guaranteed income: You give an insurer a chunk of money, and the company gives you a stream of payments that can last for life. The payments begin within 12 months of purchase. Now may be a good time for retirees to buy an immediate annuity, since payouts are the highest they’ve been in a decade, says Rob Williams, managing director of wealth management at Charles Schwab. But buying an immediate annuity — also known as an income annuity or a fixed immediate annuity — is effectively irreversible, so you’ll want to choose carefully. Why to consider one One of the big risks in retirement is outliving your savings. A major source of guaranteed income is Social Security, and some people still have traditional pensions. If you don’t have enough guaranteed income to cover essential living costs, though, an immediate annuity could fill in the gap, says Wade Pfau, author of “Retirement Planning Guidebook.” Sign up for Best Bets, your go-to planner for things to do on LI Get ready for the weekend with our picks on where to shop, dine and have fun on Long Island. Sign up By clicking Sign up, you agree to our privacy policy . But immediate annuities shouldn’t be an “all or nothing” solution, Pfau says. Ideally, you also would have money invested in stocks for growth, as well as cash reserves for emergencies. Immediate annuities can help you ride out down markets, Williams notes. The steady stream of income could help you avoid selling investments to meet living expenses, he says. How much can you get? There are many types of annuities, and some are mind-bendingly complex. By contrast, immediate annuities are relatively straightforward: Your payout depends largely on how much you invest, your age, prevailing interest rates and the payout option you choose. For example, a man and woman age 65 who invest $100,000 can expect a monthly check of about $535 if they choose the joint life option, where the payment continues for both lifetimes, according to Charles Schwab’s annuity income estimator. If they choose a cash refund option, the monthly check drops to about $532, but their heirs will receive any money left over if the couple dies before getting back their original investment. That’s a relatively cheap form of insurance and could provide some reassurance to people who worry the insurance company will “win” if they die early, Williams says. Payouts also depend on the insurer. According to the online marketplace ImmediateAnnuities.com, monthly checks for the couple could range from $513 to $565 a month for the joint life option, depending on the company. Some companies sell annuities with cost-of-living adjustments in each subsequent year, but initial payouts are much smaller. Inflation protection may be unnecessary if retirees have Social Security, which is inflation-adjusted, and investments in stocks, which deliver inflation-beating returns over time, Pfau says. Watch insurer ratings Because payouts vary, you’d be smart to shop around — but also consider the insurance company’s rating. A financially weak company may not be around to deliver the promised payouts. (Schwab’s online marketplace represents insurers rated A+ or better by Standard & Poor’s, while ImmediateAnnuities.com includes companies rated A- or better by AM Best.) New York's state’s guaranty association protects your annuity up to $500,000 if your insurer fails. If you want to invest more than the state coverage limit, consider buying from different companies so all your eggs aren’t in a single insurer’s basket, Williams says. You can also “ladder” your purchases by buying immediate annuities every year or every few years. payouts could shrink if bond yields fall, he notes. How your payouts are taxed depends on where you got the money to buy the annuity. If the cash came from an after-tax account, such as a savings or brokerage account, a portion of each payment will be considered a return of your investment and won’t be taxed. If you’re buying the annuity with money in a qualified retirement account, such as an IRA or 401(k), the payouts typically will be taxable — but so would any withdrawal from such a source.
NerdWallet Frequently Asked Questions (FAQ)
When was NerdWallet founded?
NerdWallet was founded in 2009.
Where is NerdWallet's headquarters?
NerdWallet's headquarters is located at 55 Hawthorne Street, San Francisco.
What is NerdWallet's latest funding round?
NerdWallet's latest funding round is IPO.
How much did NerdWallet raise?
NerdWallet raised a total of $159.3M.
Who are the investors of NerdWallet?
Investors of NerdWallet include RRE Ventures, Institutional Venture Partners, Valor Ventures, Camelot Financial Capital Management, iGlobe Partners and 3 more.
Who are NerdWallet's competitors?
Competitors of NerdWallet include SmartAsset, Frank, Credit Sesame, SoFi, Fintastico and 12 more.
What products does NerdWallet offer?
NerdWallet's products include NerdWallet Mobile App.
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