Credit score Karma co-founder and Chief Income Officer Nichole Mustard is leaving the corporate after 16-and-a-half years, TechCrunch has solely discovered at the moment.
A spokesperson of the patron fintech, now a subsidiary of Intuit, confirmed Mustard’s departure through e mail, writing solely: “I can affirm she determined to go away the corporate, her contributions have been vital and we want her effectively.”
Mustard’s determination to step down marks the third recognized high-profile govt departure at Credit score Karma in 2023, as famous by a verified Blind person. Chief Folks 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 could be resigning from his position of chief advertising officer as quickly as his alternative is discovered.
Intuit closed on its $8.1 billion money and inventory buy 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 “determined to pause nearly all hiring,” citing “income challenges because of the unsure atmosphere.” At the moment, the corporate shared that every one Credit score Karma verticals had been “negatively impacted by macro uncertainty. Credit score Karma skilled additional deterioration in these verticals throughout the previous few weeks of the primary quarter [of 2022].”
In August, Intuit reported that Credit score Karma had seen its income 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 private finance app Mint in January. Intuit acquired Mint in 2009, and its determination to close it down got here as a shock to many.
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