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M&A
Intuit signs agreement to acquire Zendrive's technology and assets
InsurTech: Infrastructure
Jun 13, 2024
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InsurTech: Infrastructure

InsurTech: Infrastructure

Jun 13, 2024

Intuit signs agreement to acquire Zendrive's technology and assets

M&A

  • Intuit has signed an agreement to acquire certain technology and assets from Zendrive, a provider of mobility risk intelligence.

  • Through the acquisition, Intuit aims to accelerate the growth of Credit Karma’s Karma Drive program, a usage-based insurance offering that was launched in December 2020 .

  • Zendrive’s technology will be accessible to 120 million Credit Karma customers in the US, who will be eligible to receive discounts on auto insurance based on their safe driving habits.

  • Furthermore, Zendrive's CEO, Dennis Ellis, co-founder and CTO, Pankaj Risbood, and most of the technical team will join Credit Karma.

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