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Credit Karmaco - founder and Chief Revenue Officer Nichole Mustard is leaving the companionship after 16 - and - a - one-half year , TechCrunch has exclusively learned today .
A interpreter of the consumer fintech , now a subsidiary of Intuit , confirm Mustard ’s departure via electronic mail , pen only:“I can reassert she decided to leave the company , her contributions have been significant and we bid her well . ”
Mustard ’s conclusion to step down marking the third get laid high - profile executive departure at Credit Karma in 2023 , as noted bya verified unsighted user . Chief People Officer Colleen McCrearyleft her role in January before joining Ribbit Capital as an investor in June . In September , Greg Lull announced he would beresigning from his role of principal selling officeras shortly as his replacement is found .
Intuit shut down on its $ 8.1 billion cash and stockpurchaseof Credit Karma in 2020 and affair have been a bit bumpy since .
Last November , Credit Karma confirmed to TechCrunch that it had “ decided to pause almost all charter , ” bring up “ revenue challenge due to the uncertain environs . ” At that metre , the fellowship sharedthat all Credit Karma verticals had been “ negatively bear upon by macro uncertainty . Credit Karma experienced further deterioration in these verticals during the last few weeks of the first stern [ of 2022 ] . ”
In August , Intuit reported that Credit Karma had seen itsrevenue declineby 9 % to $ 1.6 billion for the financial year ended July 31 , 2023.Earlier this twelvemonth , Intuit announced it would bediscontinuing its personal finance app Mintin January . Intuitacquired Mint in 2009 , and its decision to shut it down came as a surprisal to many .
get a news top or inside data about a subject we overlay ? We ’d love to hear from you . you’re able to reach me at maryann@techcrunch.com . Or you’re able to drop us a note at tips@techcrunch.com . Happy to observe anonymity requests .
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