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    INTU   US4612021034

INTUIT INC.

(INTU)
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Intuit : Ventures Launches to Accelerate Innovation for Early and Growth Stage Small Business and Consumer Fintech Companies

09/22/2021 | 11:06am EDT

Intuit Ventures will invest in the success of growing tech start-ups to deliver future innovations for consumers and small business

Intuit Inc. (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint and Credit Karma, today announced the launch of Intuit Ventures, its corporate venture capital program. Intuit Ventures will help accelerate innovation for businesses and consumers through the companies it invests in, driving future innovations for consumers and small businesses. The program will primarily invest in series B and C-stage companies that are solving small businesses and consumers’ biggest problems, with areas of interest including fintech, virtual expertise, consumer finance, omni-channel commerce, AI-enabled services and crypto/DeFi.

“Our mission of powering prosperity around the world inspires us to solve our customers’ most important financial challenges. Innovation both within Intuit and outside the company is critical to achieving our mission,” said Shveta Mujumdar, Vice President of Corporate Development and leader of Intuit Ventures at Intuit. “We have always supported the ecosystem around us with our open platform, and we’ve been partnering with startups on our platform for many years. Intuit Ventures accelerates our ability to empower entrepreneurs and the start-up community, and invest directly in their success.”

Intuit Ventures completed its first investment in Clearco, a high-growth series C-stage startup which offers unbiased, non-dilutive capital to digitally-native businesses and leverages data and insights to help them scale. Clearco strongly aligns with Intuit Ventures’ focus on fintech and omni-channel commerce as well as Intuit’s focus on small business success.

“When we considered investors in our latest fundraising, Intuit stood out based on their deep expertise with small businesses and our strategic alignment with their mission,” said Michele Romanow, Co-founder and CEO of Clearco. “We are proud to be the newest portfolio company of Intuit Ventures and are thrilled to have the support of such a strong technology company.”

To learn more about Intuit Ventures, please visit www.intuit.com/ventures.

About Intuit

Intuit is a global technology platform that helps our customers and communities overcome their most important financial challenges. Serving approximately 100 million customers worldwide with TurboTax, QuickBooks, Mint and Credit Karma, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us for the latest information about Intuit, our products and services, and find us on social.


ę Business Wire 2021
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Analyst Recommendations on INTUIT INC.
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Financials (USD)
Sales 2022 11 167 M - -
Net income 2022 2 115 M - -
Net cash 2022 2 547 M - -
P/E ratio 2022 79,1x
Yield 2022 0,44%
Capitalization 165 B 165 B -
EV / Sales 2022 14,5x
EV / Sales 2023 12,8x
Nbr of Employees 13 500
Free-Float 97,1%
Chart INTUIT INC.
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Intuit Inc. Technical Analysis Chart | INTU | US4612021034 | MarketScreener
Technical analysis trends INTUIT INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 22
Last Close Price 602,56 $
Average target price 603,11 $
Spread / Average Target 0,09%
EPS Revisions
Managers and Directors
Sasan K. Goodarzi President, Chief Executive Officer & Director
Michelle M. Clatterbuck Chief Financial Officer & Executive Vice President
Brad D. Smith Executive Chairman
Atticus Tysen Chief Information Officer & Senior Vice President
Marianna Tessel Chief Technology Officer & Executive VP
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