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Credit Karma is focused on championing financial progress for over 100 million members in the U.S., Canada and U.K. While we're best known for pioneering free credit scores, our members turn to us for resources as they work toward their financial goals. This includes tools for credit and identity monitoring, credit card recommendations, shopping for loans (car, home and personal), growing their savings* and filing their taxes with Credit Karma Tax -- all for free. Weve grown significantly through the years, adding more than 70 million members in the last five alone. We currently have more than 1,300 employees spread across offices in San Francisco, Charlotte, Los Angeles, Leeds, London and one coming soon to Oakland. Disrupting the financial industry is not an easy task. Thats why we know its one worth doing. Our core values of helpfulness, ownership, progress and empathy guide our work and our relationships.Championing financial progress for everyone is a big mission that requires passionate people working together to make a difference in the world. If youre up for the task, wed love to have you on our team. Check out our open positions: https://www.creditkarma.com/careers.*Banking services provided by MVB Bank, Inc., Member FDIC
Credit Karma develops tools and maintains information resources that help users to manage the credit aspect of their financial health. The company uses advanced data modeling to analyze and identify the most-suited financial products available to its members. It has originated more than $40 billion in credit products including credit cards, personal loans, mortgages, automotive financing, and student loan refinancing. It helps more than 75+ million consumers track, maintain & improve credit health conveniently and securely. Recently, Credit Karma was selected for the 2019 Forbes Fintech 50 startups list.
The company offers various tools for users like credit score rating, credit scores, credit reports, credit monitoring, and tax prep software & filing. Credit offers a range of loan products like personal loans, home loans, auto loans, student loans, business loans, refinance, etc. In addition to credit score, the platform also enables members to view their accounts, their last reported balances, and the factors affecting their credit scores. It also provides personalized recommendations & insights that enable users to use their credit in a better manner.
Kabbage charges a fee (1.5-12%/month) on loans issued as well as additional monthly fees. Every month, the borrwer pays back 1/6 of the total loan (for six-month loans) or 1/12 of the total loan (for 12-month loans) plus a monthly fee. They do not charge any early payment fees.
Customers can access scores and reports anytime. It also provides offers tailored to a user's credit profile.
$4 B in 2019
Third-party news sources reported that the company's valuation is around $4 billion after the latest funding round on March 2019.
$10M+ in 2018
The company's annual revenue was $500 million+ in 2018.
The company has facilitated more than $40 billion in credit lines across financial products like credit cards, personal loans, mortgage refinancing, automotive financing, and student loan refinancing. (Jan. 2019)
The company has 85 million customers from across North America and 50% of them are US millennials. (Jan. 2019)
To date, the company has provided more than 4 billion free credit scores to consumers. (Mar. 2019)
Ken Lin (CEO)
Ken Lin (CTO)
Nichole Mustard (CRO)
Nikhyl Singhal (CPO)
Greg Lull (CMO)
Susannah Wright (CLO)
The company will use the fund to expand into other financial services such as lending and credit. (Mar. 2019)
$100M to $500M
SERIES A · $2.5 M · Nov 2009
SERIES B · $30 M · Apr 2013
SERIES C · $75 M · Sep 2014
SERIES D · $175 M · Jun 2015
SECONDARY MARKET · $500 M · ---
The company has raised $500 million in investments from the secondary market. (Mar. 2019)
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