San Francisco based financial education and empowerment platform has raised an additional $5m of Series A financing from former Citigroup executive Simon Williams. Valuation on the round is at approximately $510m. This brings the total size of NerdWallet's Series A financing to $69m
Simon Williams, a former top Citigroup executive and an early investor in Lending Club and OnDeck Capital, has invested $5 million in the San Francisco startup. That expands the size of NerdWallet's Series A financing, first announced in May, to $69 million. The six-year-old startup, which reviews and sells credit cards and other financial products, is now valued at about $510 million. And dry as its description may sound, NerdWallet is on a bit of a hot streak this year.