Credit Karma, a San Francisco, CA-based consumer finance and technology company, closed an $85m round of funding.
The round was led by Google Capital with participation from Tiger Global and existing investors Ribbit Capital and Susquehanna Growth Equity. In conjunction with the funding, Google Capital Partner David Lawee, will join Credit Karma’s Board of Directors.
The company, which has raised $118.5m to date, intends to use the new capital to invest in new, free services for consumers to better understand and manage their finances and to make finding and applying for new financial services products, and accelerate employee hiring.
Launched in 2008 by Ken Lin, co-founder and CEO, Credit Karma Credit Karma provides a consumer finance and technology platform that gives (more than 20 million) consumers free access to their credit scores, free monitoring of their credit and financial accounts.
02/04/2013: Credit Karma Raises $30M in Series B Financing
04/11/2009: Credit Karma Raises $2.5 Million To Take The Mystery Out Of Credit Scores