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.
PRODUCTS & SERVICES:
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.
Ken Lin (CEO), Ken Lin (CTO), Nichole Mustard (CRO), Nikhyl Singhal (CPO), Greg Lull (CMO), Susannah Wright (CLO)
VALUATION / MARKET CAP:
$4 Billions 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
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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)
ACTIVE USERS COMMENT:
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)
DATE OF LAST FUNDING:
TOTAL FUNDING COMMENT:
The company will use the fund to expand into other financial services such as lending and credit. (Mar. 2019)
SEED & PRIOR FUNDING:
SEED CLOSED ON:
$2.5 Millions Closed: Nov 2009
$30 Millions Closed: Apr 2013
$160 Million Closed: Sep 2014
$175 Million Closed: May 2015
The company has raised $500 million in investments from the secondary market. (Mar. 2019)