Today is an exciting milestone for Intuit and Credit Karma. Together with our trusted brands, customer
scale as well as our data and AI platforms we will achieve more than either company could on its own, said Kenneth Lin, Founder and CEO of Credit Karma. We are pleased to have accomplished our goal of addressing any potential regulatory
hurdle and proud weve found a partner for the Credit Karma Tax business.
As a result of the combined companys capabilities and
accelerated innovation, consumers, including the 57M Intuit customers and 110M Credit Karma members, will quickly see break-through benefits. Consumers will find the right financial products including unparalleled offers on credit cards, loans and
insurance. The platform will also help enable them to maximize their tax refund and connect them to high-yield savings accounts and checking accounts, providing them faster access to their money. Consumers will also get access to financial expertise
and advice, actionable insights, tools and live experts to help them better understand their complete financial picture, make better financial decisions and build wealth.
About Intuit
Intuits mission is to power
prosperity around the world. We are a mission-driven, global financial platform company with products including TurboTax, QuickBooks, and Mint, designed to empower consumers, self-employed and small businesses to improve their financial lives. Our
platform and products help customers get more money with the least amount of work, while giving them complete confidence in their actions and decisions. Our innovative ecosystem of financial management solutions serves more than 50 million
customers worldwide. Please visit us for the latest news and in-depth information about Intuit and its brands and find us on social.
About Credit Karma
Founded in 2007 by Kenneth Lin,
Credit Karma is a consumer technology company with more than 110 million members in the U.S, U.K. and Canada, including over half of all U.S. millennials. While best known for pioneering free credit scores, the companys members turn to
Credit Karma for everything related to their financial goals, including identity monitoring, applying for credit cards, shopping for loans (car, home and personal), insurance, high-yield savings accounts and now checking accounts through our bank
partner, MVB Bank, Inc., Member FDIC all for free. Learn more about how Credit Karma members are making financial progress on Instagram, Facebook and Twitter.
Cautions About Forward-looking Statements
This
communication contains forward-looking statements within the meaning of applicable securities laws, including expectations regarding our current and future products and their impact on Intuits business; expectations regarding availability of
our offerings; expectations regarding the impact of our strategic decisions on Intuits business; and expectations regarding the timing, completion and impact of the Credit Karma acquisition and the divestiture of the Credit Karma Tax business.
Forward-looking statements and information usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of our operations or operating results. Forward-looking statements are often identified by the words
believe, expect, anticipate, plan, intend, foresee, should, would, could, may, will, estimate,
outlook and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking.
Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially
from the expectations expressed in the forward-looking statements. These risks and uncertainties may be amplified by the COVID-19 pandemic, which has caused significant economic instability and uncertainty.
Given these risks and uncertainties, persons
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