Credit Karma shouldn’t sell itself to Intuit. Intuit has a poor track record of integrating retail finance acquisitions. Maybe Amazon is the better fit.
... [+]OBSERVATIONS FROM THE FINTECH SNARK TANK
The logic of the deal from the Intuit is clear. With revenue pressure on it tax preparation business, Charles Potts, SVP and Chief Innovator Officer at the Independent Community Bankers of America notes that: From a business perspective, Banno founder Wade Arnold told me, “No other company has been as successful in financial services cross-sales as Credit Karma. Leveraging these capabilities and culture across Intuit’s fee-based properties would increase revenue and allow marginally decreasing fees to alleviate external competition.”About 10 years ago, my boss at the time came to me and asked which financial services firm I thought was the best candidate to disrupt the industry. My answer was Intuit.
Not that all of its small business-related acquisitions worked out either, for that matter. In 2015, Intuit sold off Dreamforce, online marketing and communication software for small businesses, which it had acquired in 2012. And it took a big step towards serving the provider side with its 2018 acquisition of Approved, a mortgage platform servicing banks and mortgage brokers.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
TurboTax maker Intuit near deal to buy Credit Karma for $7 billion, WSJ reportsThe deal, which will be in cash and stock, would push Intuit further into the growing online consumer finance sector. The company is expected to announce the agreement on Monday, according to The Wall Street Journal.
Consulte Mais informação »
TurboTax maker Intuit nears agreement to buy Credit Karma for $7 billion: WSJIntuit Inc is nearing an agreement to buy financial technology portal Credit Kar...
Consulte Mais informação »
WSJ News Exclusive | Intuit Near Deal to Buy Credit Karma for $7 BillionIntuit is near a deal to buy personal-finance portal Credit Karma for about $7 billion in cash and stock, pushing the company behind QuickBooks and TurboTax further into consumer finance, people familiar with the matter said.
Consulte Mais informação »
Bob Odenkirk Knows Why Greta Gerwig Wasn't Given Enough Credit for Little WomenOdenkirk, who played Father March, thinks awards voters were prejudiced against LittleWomen
Consulte Mais informação »
To build credit, try this set-it-and-forget-it trickAutomatic charges and payments are a good way to help credit-building efforts. Also: more on when to claim Social Security benefits.
Consulte Mais informação »
Trump vs. Obama: Who gets the credit for the economic boom?President Trump slammed former President Obama for saying that a 2009 law ushered in a long stretch of economic growth and job creation, saying that Obama is trying to take credit for his administration’s actions. Chris Jansing talks with MSNBC Anchor and NBC News Senior Business Correspondent Stephanie Ruhle about who’s right.
Consulte Mais informação »