All Access

Fintech Deals

Standard

Fintech Deals Alerts

Alert

Fintech Deals Thought Bubble

Thought Bubble

mustard

BFD Expert Voices - Private Credit

BFD Expert Voices

topics

politics-policy

epstein-files

donald-trump

2026-midterm-elections

immigration

behind-the-curtain

race-and-equity

technology

privacy-tech-regulation

automation-and-ai

tiktok-news

big-tech

social-media

cybersecurity

economy

social-security

inflation

tariffs

federal-reserve

jobs

transportation

business

stock-market-news

retail-news

crypto

media

elon-musk

dealmaking

health

rfk-jr

drug-prices

axios-explains-abortion

public-health

world

israel

axios-explains-ukraine

iran

russia

china

energy-climate

nuclear-energy

climate-energy-policy

climate-change

extreme-weather

alternative-energy

electric-vehicles

science

emerging-tech

biomedicine

newsletters

pittsburgh

atlanta

san-diego

charlotte

boulder

washington-dc

kansas-city

dallas

denver

detroit

des-moines

austin

boston

chicago

cleveland

columbus

houston

indianapolis

miami

nashville

new-orleans

nw-arkansas

philadelphia

phoenix

portland

richmond

salt-lake-city

san-antonio

san-francisco

seattle

tampa-bay

twin-cities

raleigh

huntsville

colorado-springs

axios-local

axios-pro

axios-live

the-axios-show

Since taking over as CEO in 2019, Intuit's Sasan Goodarzi has made a string of major acquisitions, buying up Credit Karma for $7.1 billion in 2020 and Mailchimp for $12 billion last year.

Why the deals mattered: The acquisitions were aimed at getting Intuit's customers to use the company's products daily rather than once a month or a few times per year.

Of Note: Mailchimp gave Intuit's critical small business customers the tool of targeted marketing. Credit Karma gave Intuit's retail customers financial products integrated with its TurboTax software.

Lucinda spoke to Goodarzi on Wednesday to see what's next for the company, both in terms of M&A and longer term strategy. This conversation has been edited in places for clarity.

Are you seeing more M&A opportunities, now that valuations are down?

Public company valuations are much more attractive, right? And the private valuations are starting to come down. I think the best, for a company like us ... is still ahead, because when the private businesses run out of cash, they have to get valued at a far bigger discount. We believe they will become far more attractive into the spring and summer of next year.

But we're not going to accelerate acquisitions for the sake of doing it because things are cheaper. It's really about time-to-market.

You've talked about blockchain as promising technology. Where do you see the opportunity for Intuit?

The biggest things that we are investing in is decentralized technologies and blockchain, in addition to machine learning. We're not only investing but running experiments.

What we're really interested in with decentralized technologies is the ability to make all of this seamless: To completely automate the process of estimating, invoicing, and to create instant payments.

Believe it or not, 70% out of $2 trillion in invoices are still getting paid by check on our platform.

We think adoption will be two to three years out. I don't think it's 10 years out.

Bitcoin, but only for experimental reasons, not for investing reasons.

Intuit CEO talks M&A opportunities and the promise of blockchain

Photo illustration of Intuit's CEO, Sasan Goodarzi, with abstract shapes.

Photo illustration: Allie Carl/Axios. Photo: Bloomberg via Getty Images

Fintech

Since taking over as CEO in 2019, Intuit&#x27;s Sasan Goodarzi has made a string of major acquisitions, buying up Credit Karma for $7.1 billion in 2020 and Mailchimp for $12 billion last year.Why the deals mattered: The acquisitions were aimed at getting Intuit&#x27;s customers to use the company&#x27;s products daily rather than once a month or a few times per year.

Intuit CEO talks M&A opportunities and the promise of blockchain

What to read next