Credit Karma co-founder and Chief Income Officer Nichole Mustard is leaving the corporate after 16-and-a-half years, TechCrunch has solely discovered immediately.
A spokesperson of the patron fintech, now a subsidiary of Intuit, confirmed Mustard’s departure by way of e mail, writing solely: “I can confirm she decided to leave the company, her contributions have been significant and we wish her well.”
Mustard’s resolution to step down marks the third recognized high-profile govt departure at Credit score Karma in 2023, as famous by a verified Blind user. Chief individuals officer Colleen McCreary left her position in January earlier than becoming a member of Ribbit Capital as an investor in June. In September, Greg Lull introduced he can be resigning from his role of Chief Marketing Officer as quickly as his alternative is discovered.
Intuit closed on its $8.1 billion money and inventory purchase of Credit score Karma in 2020 and issues have been a bit bumpy since.
Final November, Credit score Karma confirmed to TechCrunch that it had “decided to pause almost all hiring,” citing “revenue challenges due to the uncertain environment.” At the moment, the corporate shared that every one Credit score Karma verticals had been “negatively impacted by macro uncertainty. Credit Karma experienced further deterioration in these verticals during the last few weeks of the first quarter [of 2022].”
In August, Intuit reported that Credit score Karma had seen its revenue decline by 9% to $1.6 billion for the fiscal yr ended July 31, 2023. Earlier this yr, Intuit introduced it might be discontinuing its personal finance app Mint in January. Intuit acquired Mint in 2009, and its resolution to close it down got here as a shock to many.
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