Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

With Latest $75M Funding Intended for Growth and Product Development, Credit Karma Now Valued at Over $1 Billion

by admin
October 1, 2014
in Data Science, Finance, News
Home Topics Data Science
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on e-mail

Credit Karma, a Web-based consumer finance and technology startup, procured $75 million in an add-on growth round of funding. Participation came from existing investors Google Capital, Tiger Global, Ribbit Capital and Susquehanna Growth Equity, bringing the total to $193.5 million in equity investments so far.

Eight months after raising $85 million in the Series C round and a customer base increment of 50 percent, Credit Karma is now valued at more than a billion dollars following the new round of funding.

“We believe this investment speaks to two themes: Continued confidence that we are the industry’s leading consumer credit and finance platform, and repeated strong consumer demand for our product,” noted Ken Lin, CEO and founder of Credit Karma. “Today’s complex marketplace requires a pro-consumer resource that makes financial comprehension easy, transparent and empowering. Credit Karma delivers that.”

Credit Karma provides free credit reports to users, with tools to monitor their finances and assists in choosing suitable vendor for credit cards, loans or mortgages. Its revenue, on the other hand, is generated through sponsorships with financial institutions that pay Credit Karma only when its members buy one of their products.

Founded in 2008, it has an 30 million users according to their press release. Credit Karma announced that they will utilise the new funding to fuel its growth initiatives and ongoing product innovation.

Read more here

Follow @DataconomyMedia

(Image Credit: Sean MacEntee)

Tags: Big DataCredit KarmaGoogle CapitalKen LinRibbit CapitalSusquehanna Growth EquityTiger Global

Related Posts

Amazon Titan Image Generator is here to change the game

Amazon Titan Image Generator is here to change the game

November 30, 2023
Fooocus: Hassle-free Stable Diffusion experience

Fooocus: Hassle-free Stable Diffusion experience

November 30, 2023
MS Paint AI “Cocreator” revealed with DALL-E capacities

MS Paint AI “Cocreator” revealed with DALL-E capacities

November 30, 2023
AWS re:Invent 2023: Amazon raises the bar

AWS re:Invent 2023: Amazon raises the bar

November 30, 2023
Spotify Wrapped 2023 is here: How to check it out

Spotify Wrapped 2023 is here: How to check it out

November 29, 2023
Binance puts Cristiano Ronaldo in legal crosshairs

Binance puts Cristiano Ronaldo in legal crosshairs

November 29, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST ARTICLES

Amazon Titan Image Generator is here to change the game

Fooocus: Hassle-free Stable Diffusion experience

MS Paint AI “Cocreator” revealed with DALL-E capacities

Executives on social media: The value of social leadership

AWS re:Invent 2023: Amazon raises the bar

Spotify Wrapped 2023 is here: How to check it out

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy
  • Partnership
  • Writers wanted

Follow Us

  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.