The company followed that with $75 million in follow on funding in September 2014 from CapitalG, Tiger Global Management and Susquehanna Growth Equity.
Credit karma lucy schwartz series#
In March 2014, Credit Karma raised $85 million in Series C financing, led by CapitalG with participation from Tiger Global Management and existing investors.
In 2013, Credit Karma secured $30 million in Series B funding led by Ribbit Capital and Susquehanna Growth Equity. In November 2009, Credit Karma closed a $2.5 million Series A funding round led by QED Investors with participation from SV Angel, Felicis Ventures and Founders Fund. Early investors included Chris Larson, CEO of Prosper, and Mark Lefanowicz, former president of E-Loan. Kenneth Lin, who previously founded Multilytics Marketing and worked with E-Loan and Upromise, launched Credit Karma in 2007 with co-founders Ryan Graciano and Nichole Mustard. Credit Karma earns revenue from lenders, who pay the company when Credit Karma successfully recommends customers to the lenders. Revenue from targeted advertisements for financial products offsets the costs of its free products and services.
Īll of Credit Karma’s services are free to consumers. The company operates in the United States, Canada and the United Kingdom. It is best known as a free credit and financial management platform, but its features also include monitoring of unclaimed property databases and a tool to identify and dispute credit report errors. Credit Karma is an American multinational personal finance company founded in 2007, which has been a brand of Intuit since December 2020.
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