About Credit Karma
Credit Karma is a company based in San Francisco (United States) founded in 2007 by Kenneth Lin was acquired by Intuit in February 2020.. Credit Karma has raised $869.77 million across 8 funding rounds from investors including Intuit, Ribbit Capital and Silver Lake. Credit Karma has completed 5 acquisitions, including Approved, Haven Money and Noddle. Credit Karma offers products and services including Credit Monitoring, Personal Loans, Auto Loans, and Home Loans. Credit Karma operates in a competitive market with competitors including QuinStreet, uSwitch, Bankrate, LowerMyBills and Credit Cards, among others.
- Headquarter San Francisco, United States
- Founders Kenneth Lin
- Stage Unicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Credit Karma, Llc
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Products & Services of Credit Karma
Credit Karma offers a comprehensive portfolio of products and services, including Credit Monitoring, Personal Loans, Auto Loans, and Home Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for tracking credit scores and financial health online.
Platform for applying to debt consolidation and emergency loans.
Tools for securing auto financing and insurance options.
Assistance with mortgage rates and refinancing applications.
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Software Development Team
429 people
Product Management Team
95 people
Sales and Marketing
60 people
Creative and Marketing Team
39 people
Senior Team
34 people
Human Resources and Administration
23 people
Finance and Accounting
16 people
Leadership Team
15 people
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Funding Insights of Credit Karma
Credit Karma has successfully raised a total of $869.77M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $500 million completed in March 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series E — $500.0M
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First Round
First Round
(01 Oct 2007)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Series E - Credit Karma | Valuation | Silver Lake |
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| Jun, 2015 | Amount | Series D - Credit Karma | Valuation | Tiger Global Management , Viking Global Investors |
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| Sep, 2014 | Amount | Series C - Credit Karma | Valuation | Tiger Global Management , Susquehanna Growth Equity |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Credit Karma
Credit Karma has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Intuit, Ribbit Capital and Silver Lake. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Technology investing and private equity firm focused on partnerships.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Private investment firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Credit Karma
Credit Karma has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Approved, Haven Money and Noddle. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Platform for personal finance & wealth management
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2017 | ||||
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Mortgage lending processes are streamlined through Approved's online platform.
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2015 | ||||
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Personal expenses are tracked and analyzed via chat-based interface.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Credit Karma
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Credit Karma Comparisons
Competitors of Credit Karma
Credit Karma operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as QuinStreet, uSwitch, Bankrate, LowerMyBills and Credit Cards, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Personal loans, credit cards, and savings products are compared online.
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| domain | founded_year | HQ Location |
Multi-faceted consumer products comparison platform
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| domain | founded_year | HQ Location |
Personal finance content is aggregated, published, and distributed online.
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| domain | founded_year | HQ Location |
Utility and financial services plans are compared online.
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| domain | founded_year | HQ Location |
Credit card information and comparisons are provided to consumers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Credit Karma
Frequently Asked Questions about Credit Karma
When was Credit Karma founded?
Credit Karma was founded in 2007.
Where is Credit Karma located?
Credit Karma is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Credit Karma?
Kenneth Lin is the current CEO of Credit Karma. They have also founded this company.
Is Credit Karma a funded company?
Credit Karma is a funded company, having raised a total of $869.77M across 8 funding rounds to date. The company's 1st funding round was a Series C of $75M, raised on Oct 01, 2007.
What does Credit Karma do?
The company was founded in 2007 in San Francisco, United States, and operates within the fintech sector. Credit scores are provided to users upon submission of personal information, alongside comparison tools for consumer loans, prepaid cards for individuals and businesses, insurance options, and additional financial products. Operations focus on enabling informed decisions through accessible online platforms.
Who are the top competitors of Credit Karma?
Credit Karma's top competitors include QuinStreet, Fluent Money and LowerMyBills.
What products or services does Credit Karma offer?
Credit Karma offers Credit Monitoring, Personal Loans, Auto Loans, and Home Loans.
How many acquisitions has Credit Karma made?
Credit Karma has made 5 acquisitions, including Approved, Haven Money, and Noddle.
Who are Credit Karma's investors?
Credit Karma has 12 investors. Key investors include Intuit, Ribbit Capital, Silver Lake, Tiger Global, and Viking Global Investors.
What is Credit Karma's valuation?
The valuation of Credit Karma is $3.5B as of Jun 2015.
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