Categories: OLD Media Moves

Nerdwallet raises $64 million in financing

Personal finance news and information site Nerdwallet has raised $64 million in outside funding, reports Jonathan Shieber of TechCrunch.

Shieber writes, “Last year, 30 million people used NerdWallet to get financial advice on a range of subjects. The company offers comparison shopping tools on financial products including: healthcare; mortgages; life insurance; banking; credit cards; financial services and wealth management; small business tools, and college loans.

“‘To be honest, I want to cover every substantial financial decision that anyone can make in their life,’ said Tim Chen. ‘We’re talking about a shitload of big decisions there.’

“Chen’s company is squarely focused on the content business for now, but NerdWallet may have eventual aspirations to provide financial tools as well as financial advice for a new generation of financial services consumers.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.