Personal finance site NerdWallet Inc., which employs more than 100 journalists, filed for an initial public offering on Friday, reports Stephen Nakrosis of MarketWatch.com
Nakrosis reports, “‘Our mission is to provide the tools, information and insight people need to navigate all of life’s financial decisions,’ the company said, adding it provides guidance to consumers through the NerdWallet app and other content.
“NerdWallet said substantially all its revenue is generated through fees paid by its financial services partners ‘in the form of either revenue per action, revenue per click, revenue per lead and revenue per funded loan arrangements.’
“For the six months ended June 30, the San Francisco company had revenue of $181.6 million. In the six month period ended June 30, 2020, the company said it had revenue of $137.3 million.”
