Credit Karma co-founder and chief revenue officer Nicole Mustard is leaving the company after 16-and-a-half years, TechCrunch learned exclusively today.
A spokesperson for the consumer fintech company, now a subsidiary of Intuit, confirmed Mustard’s departure via email, writing only: “I can confirm that she has decided to leave the company. Her contributions have been great and we wish her well.”
Mustard’s decision to step down marks the third known high-level executive departure at Credit Karma in 2023, noted Verified blind user. Chief Personnel Officer Colin McCreary She left her role in January before joining Ribbit Capital as an investor in June. In September, Greg Lull announced that he would be Resigning from his position as Chief Marketing Officer Once a replacement is found.
Intuit closed on $8.1 billion in cash and stock buying from Credit Karma in 2020 and things have been a bit bumpy since then.
Last November, Credit Karma confirmed to TechCrunch that it had “decided to pause nearly all hiring,” citing “revenue challenges due to the uncertain environment.” At that time, the company participated All of Credit Karma’s sectors were negatively impacted by overall uncertainty. Credit Karma saw further deterioration in these sectors during the final few weeks of the first quarter. [of 2022]”.
In August, Intuit reported that Credit Karma had seen results Decreased revenue By 9% to $1.6 billion for the fiscal year ending July 31, 2023. Earlier this year, Intuit made the announcement Discontinue the personal finance app Mint In January. Intuit It acquired Mint in 2009The decision to close it came as a surprise to many.
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