Intuit, a financial software company that owns a number of brands, has acquired SeedFi.
SeedFi is a financial health startup which has built Credit Karma’s Credit Builder feature.
Intuit already owns Credit Karma as well as brands like QuickBooks, TurboTax and Mint.
The credit builder product offers a line of credit and secured savings account – so customers can build their credit and savings at the same time.
What does this mean?
SeedFi says that through the partnership, it can offer support to help customers build up their credit score, and thanks to its work with Credit Karma which has relationships with Credit Bureaus, it will be able to scale this service more quickly.