M&A Deal Summary

Intuit Acquires SeedFi

On December 1, 2022, Intuit acquired financial services company SeedFi

Acquisition Highlights
  • This is Intuit’s 3rd transaction in the Financial Services sector.
  • This is Intuit’s 49th transaction in the United States.
  • This is Intuit’s 25th transaction in California.

M&A Deal Summary

Date 2022-12-01
Target SeedFi
Sector Financial Services
Buyer(s) Intuit
Deal Type Add-on Acquisition

Target

SeedFi

San Francisco, California, United States
SeedFi is a financial health startup that provides financial products. SeedFi was founded in 2019 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Intuit

Mountain View, California, United States

Category Company
Founded 1983
Sector Software
Employees18,800
Revenue 16.3B USD (2024)
DESCRIPTION
Intuit's corporate headquarters in Mountain View, California.
Intuit's corporate headquarters in Mountain View, California.

Intuit is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company's flagship products and services help customers solve business and financial management problems, such as running a small business, paying bills, filing income taxes, or managing personal finances. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. Intuit's products and services are available in the United States, Canada, the United Kingdom, Australia, India and Singapore. Intuit was formed in 1983 and is based in Mountain View, California.


DEAL STATS #
Overall 55 of 55
Sector: Financial Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 51 of 51
State: California M&A 25 of 25
Country: United States M&A 49 of 49
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 MailChimp

Atlanta, Georgia, United States

MailChimp is a provider of email marketing and automation software and services. The Company was formed in 2001 and is headquartered in Atlanta, Georgia.

Buy $12.0B