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Intuit To Acquire Technology From Zendrive; Intuit Expects To Close The Transaction In Q4 2024; Terms Of The Deal Weren't Disclosed

Benzinga ·  Jun 14 00:00

Transaction will enable Intuit Credit Karma to accelerate Karma Drive and help members save on auto insurance

Intuit Inc. (NASDAQ:INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced today that it has signed an agreement to acquire technology from leading mobility risk intelligence provider Zendrive. Certain Zendrive employees, including CEO Dennis Ellis and Co-founder and CTO Pankaj Risbood, will join Credit Karma to accelerate innovation and adoption of its usage-based auto insurance product, Karma Drive.

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