M&A  June 28, 2022

NerdWallet to acquire Durango’s On the Barrelhead in $120M deal

DURANGO, Colorado — San Francisco-based NerdWallet Inc. (Nasdaq: NRDS), an online platform that provides financial guidance to consumers and small- and mid-sized businesses, has signed an agreement to acquire On the Barrelhead Inc., a Durango-based company that provides credit-driven recommendations to help customers improve their financial lives.

Through the acquisition, On the Barrelhead will integrate into NerdWallet’s existing teams, brand, products and technology, the companies said in a press release. The deal is valued at about $120 million, including $70 million in cash and $50 million in NerdWallet Class A common stock.

“Our vision for a trusted financial ecosystem means we’re able…

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