Intuit To Acquire Technology From Zendrive; Intuit Expects To Close The Transaction In Q4 2024; Terms Of The Deal Weren't Disclosed
Portfolio Pulse from Benzinga Newsdesk
Intuit Inc. (NASDAQ:INTU) announced it will acquire technology from Zendrive to enhance its Credit Karma platform, specifically the Karma Drive product. The transaction is expected to close in Q4 2024, with key Zendrive employees joining Credit Karma.
June 13, 2024 | 4:00 pm
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Intuit Inc. (NASDAQ:INTU) is acquiring technology from Zendrive to enhance its Credit Karma platform, particularly Karma Drive. The deal is expected to close in Q4 2024, with key Zendrive employees joining Credit Karma.
The acquisition will likely enhance Credit Karma's product offerings, potentially increasing user engagement and revenue. The involvement of key Zendrive employees suggests a smooth integration and accelerated innovation.
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