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Intuit to merge personal financial management subsidiary Mint into Credit Karma | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

Intuit to merge personal financial management subsidiary Mint into Credit Karma

By Laura M

November 6, 2023

Mint’s Standalone Operations End: Mint, the personal financial management business, will no longer operate independently from January 1, 2024.
Mint Merged into Credit Karma: It will be integrated into Intuit’s Credit Karma business.
Acquisition History: Intuit initially acquired Mint in 2009 for $170 million, and later, Credit Karma in 2020 for $7.1 billion.
Prior Collaboration: While operating separately, Mint and Credit Karma previously collaborated on projects like Credit Karma’s Net Worth feature.
Transition Invitation: Intuit encourages Mint users to transition to Credit Karma’s services, assuring similar offerings based on user data.
Expanding Credit Karma: The merger aims to combine Mint’s money management expertise with Credit Karma, creating a comprehensive financial platform with better financial profiling and savings opportunities.

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