Latest news with #financialplatform
Yahoo
10-07-2025
- Business
- Yahoo
Three Strategic Moves Powering Intuit's Next Decade of Growth
Intuit is well-positioned to expand the reach of its core services. The next step is to upsell and grow the ecosystem over time. The company is expanding beyond its core markets. 10 stocks we like better than Intuit › Intuit (NASDAQ: INTU) has come a long way from being just a tax software provider. Today, it's a deeply embedded financial platform powering small businesses, self-employed workers, consumers, and marketers. With flagship products like TurboTax, QuickBooks, Credit Karma, and Mailchimp, the company has built a sticky, interconnected ecosystem. But what comes next? At its fiscal 2025 Investor Day, Intuit outlined three major growth levers: expanding its core services, increasing revenue per customer beyond its tax products, and expanding globally. Together, they form a durable growth playbook designed to sustain long-term performance. Intuit's first growth lever is obvious: to deepen its presence in its core verticals -- tax, accounting, personal finance, and marketing -- by increasing penetration across both existing and underserved customer segments. In the U.S., millions of small businesses, solopreneurs, and gig workers still don't use professional software to manage their accounting and finances. However, Intuit is providing a compelling reason for them to consider its suite of products, particularly as it integrates artificial intelligence (AI) into QuickBooks and TurboTax to simplify processes and minimize manual input. The goal is to make the first-time experience effortless -- whether that's auto-categorizing expenses or surfacing personalized tax deductions. Moreover, the company has recognized that midmarket businesses will be a key growth category in the coming years, marking a shift from its previous focus on individuals and small businesses. Here, it leverages its years of experience and investment in its platforms, including QBO Advanced and Intuit Enterprise Suite, to help mid-market customers run and grow their businesses. To put the opportunity size into perspective, the total addressable market (TAM) for its core services across its platform is $71 billion. Another way to look at it is that there is a TAM of 47 million small businesses and 242 million consumers who Intuit can target, leaving a long runway for converting non-digital or partially served users into full-paying customers. Besides recruiting new customers, Intuit can expand its presence within already penetrated segments by encouraging customers to utilize more tools that are already available to them. For example, the company can encourage customers who have started with the bookkeeping function to eventually adopt adjacent tools, such as invoicing, payments, and payroll. Needless to say, the opportunity is massive! Getting customers started with the company, whether in QuickBooks or Mailchimp, is just the beginning point. The next crucial step is to get them to embark on a journey of adopting additional services within the ecosystem. This effort could involve bundling TurboTax with QuickBooks for self-employed users, integrating Mailchimp into QuickBooks to streamline customer outreach, and utilizing Credit Karma insights to help businesses and consumers make more informed financial decisions. The idea is to provide an end-to-end solution to its customers, making it the sole trusted platform for customers to run their businesses. Here, an important enabler is the use of AI. For instance, the rollout of Intuit Assist -- its generative AI assistant -- across all its products is meant to help businesses do more with less. Whether it's automating cash flow forecasts, resolving support queries, or surfacing personalized tax tips, AI isn't just enhancing the product; it's also improving the overall user experience, making it more compelling for customers to adopt new products. Another key initiative is connecting customers to human experts. Through TurboTax Live and QuickBooks Live, Intuit is combining AI-powered tools with professional advice to support customers with their needs. These expert networks also create an upsell path for users who require more in-depth guidance while expanding Intuit's revenue streams beyond DIY software. Similarly, by combining TurboTax and Credit Karma, Intuit is targeting the tax and financial solution industry, which has a TAM of $135 billion. Particularly, by leveraging data to match users with products such as loans, credit cards, insurance, and other financial products, Intuit is building a financial marketplace that could become the next leg of its growth story. Intuit's third growth lever is international expansion. The logic is straightforward: Small businesses are prevalent everywhere, and most still lack access to modern financial software. The company is focused on replicating its U.S. playbook in markets such as Canada, the U.K., and Australia, starting with core accounting tools and layering on tax, payroll, and marketing as trust is built. What makes this compelling is the company's ability to leverage its ecosystem model. Once a customer adopts one product, they're far more likely to use another. The more tools they adopt, the stickier they become. For perspective, expanding globally adds more than $300 billion in TAM for the company. If successful, international could be the next long-term revenue engine, complementing Intuit's more mature U.S. operations. Intuit isn't just reinventing itself; it's scaling what already works. With its ecosystem strategy, growing use of AI, and expanding addressable market, the company is positioning itself to compound value for years to come. For long-term investors, this is a business worth keeping a close eye on. Before you buy stock in Intuit, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Intuit wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $694,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $998,376!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Lawrence Nga has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intuit. The Motley Fool has a disclosure policy. Three Strategic Moves Powering Intuit's Next Decade of Growth was originally published by The Motley Fool
Yahoo
02-07-2025
- Business
- Yahoo
Jim Cramer Notes That Robinhood Stock Rose to an All-Time High
Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the 14 stocks Jim Cramer recently looked at. The company was mentioned during the episode, and here's what Mad Money's host had to say: 'Take the stock of Robinhood. Boy, is that ever their stock, right? Skyrocketed more than 10 bucks today to an all-time high. Why? Because it's using blockchain to allow its users to trade stocks and private companies. The move strikes most of the seasoned players in this market as absurd, maybe even boring, but this same development strikes younger and fresher-faced buyers as kind of a clever financial engineering that should be encouraged. They're not cynical about it. So what do they do? They go nuts buying the darn thing. No price is too high. And guess what? They'll be back tomorrow too.' A successful business person confidently managing their finances on a mobile device. Robinhood (NASDAQ:HOOD) provides a financial platform that enables users to invest in a wide range of assets, including stocks, ETFs, options, gold, and cryptocurrencies. Furthermore, the company offers educational tools, spending accounts, credit and cash cards, and a digital marketplace for trading major cryptocurrencies. While we acknowledge the potential of HOOD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Yahoo
04-06-2025
- Business
- Yahoo
XTERA Introduces Managed Wealth-Growth Platform
XTERA New York City, NY, June 04, 2025 (GLOBE NEWSWIRE) --XTERA, a new financial platform built for everyday individuals, has launched its professionally managed wealth-building service, designed to provide steady, daily returns without requiring users to become financial experts or take on unnecessary risk. In a time when side hustles and high-risk trading platforms dominate personal finance conversations, XTERA offers a more practical alternative: a way to grow money in the background, with oversight from experienced professionals and complete transparency. 'We built XTERA for people who are tired of having to choose between financial growth and free time,' said a spokesperson for XTERA. 'Our goal is to give users a simple way to participate in modern financial markets without needing to constantly check charts or learn investing on their own.' How It Works: XTERA allocates user funds into a diversified portfolio, managed by real traders with expertise in today's key sectors—such as AI, Web3, and other emerging industries. Users do not need to take any active role. Returns are calculated daily, and members have access to a live dashboard to track performance in real time. Funds are accessible at all times with no holding periods, penalties, or lock-ins. XTERA is available exclusively within The Code, a private community focused on accessible and sustainable financial tools. An invite is required to join, keeping the platform focused on members who are genuinely looking for long-term, stable financial growth. Built for Regular People XTERA is specifically designed for individuals with full-time jobs, family commitments, or limited bandwidth to explore complex financial products. It requires no prior investing experience, and the setup is simple. Most importantly, it doesn't rely on users spending extra hours working to earn more. About XTERA XTERA is a financial platform designed to give everyday people a smarter, more accessible way to grow their wealth. Built exclusively for members of The Code, it offers daily earning potential through expertly managed portfolios, without the stress of doing it all yourself. With real traders behind the scenes and full transparency through live dashboards, XTERA puts the user in control while doing the hard work for them. No lock-ins. No complicated setups. Just a modern, flexible path to building your financial the community Number: 4047 LLC 2025Richmond Hill, P.O. Box 2897, Kingstown St. Vincent and The Grenadines Prisha Elgouharipr@ Attachment XTERA CONTACT: Company Number: 4047 LLC 2025 Richmond Hill, P.O. Box 2897, Kingstown St. Vincent and The Grenadines Prisha Elgouhari pr@ in to access your portfolio
Finextra
23-05-2025
- Business
- Finextra
Keep raises C$33m to build Canada's Brex
Keep, an all-in-one financial platform for small businesses, has emerged from stealth with C$33 million in equity financing to build a Canadian Brex. 0 Tribe Capital led the round, with participation from Rebel Fund, Liquid2 Ventures, Cambrian, Assurant Ventures and a host of angels including execs from the likes of Robinhood, Venmo, Stripe, Plaid, Chime, Coinbase, Ramp, and Alloy. The startup has also secured a C$71 million credit facility from Coventure and a C$4 million venture debt line from Silicon Valley Bank. Keep argues that Canada's $500 billion plus small business banking market remains dominated by legacy players offering outdated software, subpar customer service, and rigid underwriting processes that cripple firms' ability to flourish. While the likes of Brex, Mercury, and Ramp have made strides in the US, Canadian entrepreneurs have lacked similar options. Keep is vowing to bring this financial revolution north of the border with an offering specifically designed for Canadian tax systems, banking regulations, and business needs. Clients get a business credit card, automated expense management, multi-currency accounts, and flexible global bill pay - all designed to eliminate the fragmented, fee-heavy options that burden business owners today. Despite only now emerging from stealth, the startup hit C$20 million in annualised revenue last year, onboarding over 3,000 SMBs across a diverse mix of industries. "Traditional banks have failed Canadian entrepreneurs for too long," says Oliver Takach, CEO, Keep. "We're building the financial operating system that Canada's small businesses actually need - one that provides the technology, tools, and services to help them thrive."
