Credit Karma Raises $75M in Funding

Credit Karma, a San Francisco, CA-based consumer finance and technology company, raised $75m in funding.

Backers included existing investors Google Capital, Tiger Global Management and Susquehanna Growth Equity. The Google Capital portion of the transaction is subject to regulatory approval, and is expected to close in the fourth quarter of 2014.

The company, which has now raised more than $193.5m in total, intends to use the funds to further advance its growth initiatives and ongoing product innovation.

Led by Ken Lin, CEO and founder, Credit Karma provides credit and financial information and education to consumers. Its platform gives free access to their credit scores, and tools for monitoring of their financial accounts and practical tools for maintaining their financial health.

The company now serves more than 30 million consumers.

FinSMEs

29/09/2014