Credit Karma Raises $30M in Series B Financing

Credit Karma, a San Francisco, CA-based provider of an consumer finance education and recommendation platform, raised $30m in Series B financing.

The round was led by Ribbit Capital and Susquehanna Growth Equity, with participation from existing investor Felicis Ventures.

The company intends to use the capital to accelerate its product roadmap, including expansion into new verticals and markets, to increase headcount, expand its infrastructure and resources, and continue to develop new products and services.

Founded in 2008 by Ken Lin, CEO, Credit Karma provides members with free financial tools to track their credit and finances. The company offers saving recommendations based on data comparisons as well as financial education and access to free tools, such as the Credit Report Card and credit card statistics.
It is also available on the Android and iOS platforms.



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