The pandemic had many people scrambling for answers about financial health and guidance. And like many a FinTech before it, NerdWallet, the personal finance company, has found it…
an opportune time to go public.
The company said in its S-1 filing with the Securities and Exchange Commission that its revenues have rebounded through the last several months as financial services providers have sought to reach end users with tailored recommendations and offers, and consumers have sought financial guidance about credit, mortgages and other products and services.
As reported earlier this year, the company has been seeking a valuation of as much as $5 billion.
Drilling down into the financials, the company said that its 2020 revenues in $245.3 million represented a mid-single digit percentage point rise over the previous year’s $228.3 million.
The pace of growth has quickened to about 32 percent, as measured through the first half of the year to $181.6 million in 2021. But operating loss in the latest six month period stood at nearly $36 million, where the operating income in the same period a year ago stood at $1.4 million.
The average of 16 million monthly unique visitors seen in 2020 has expanded to 21 million through the first six months of 2021, the company said.
“We define a Monthly Unique User (MUU) as a unique user with at least one session in a given month as determined by unique device identifiers,” said the company in the filing.
The firm said that the platform model can benefit providers by…
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