Credit Karma

Credit Karma

Provides free credit scores and financial tools

About Credit Karma

Simplify's Rating
Why Credit Karma is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Cybersecurity

Financial Services

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$7.9B

Headquarters

Oakland, California

Founded

2007

Overview

Company Historically Provides H1B Sponsorship

Credit Karma provides financial tools and resources to help over 130 million members in the U.S., Canada, and the U.K. track their financial progress. The platform offers free credit scores, credit and identity monitoring, and personalized recommendations for credit cards and loans, including options for cars, homes, and personal financing. Users can access these services without any cost, as Credit Karma generates revenue through partnerships with financial institutions. Unlike many competitors, Credit Karma focuses on providing a comprehensive suite of free services, making financial information accessible to everyone. The company's goal is to empower individuals to achieve their financial goals through helpful resources and support.

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisition of Zendrive enhances mobility risk intelligence offerings, attracting more users.
  • Growing demand for digital financial tools boosts Credit Karma's user engagement.
  • AI integration in financial services enhances user experience and operational efficiency.

What critics are saying

  • Increased competition from Walmart-backed FinTech One threatens market share.
  • IRS staffing cuts may delay tax refunds, impacting tax-related services.
  • Intuit's AI-driven solutions may overshadow Credit Karma's offerings.

What makes Credit Karma unique

  • Pioneered free credit scores, setting a standard in personal finance services.
  • Offers a comprehensive suite of tools for credit monitoring and loan shopping.
  • Freemium model attracts users by providing free services, generating revenue through partnerships.

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Funding

Total Funding

$7868M

Above

Industry Average

Funded Over

7 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

401(k) Retirement Plan

Commuter Benefits

Wellness Program

Paid Vacation

Paid Sick Leave

Education Perks

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
PYMNTS
Mar 18th, 2025
Irs Staffing Cuts May Delay Refunds, And A Financial Lifeline For Consumers

A financial lifeline for many consumers — particularly lower-income consumers — in the form of tax refunds may be fraying a bit at a time when those refunds may be needed to bolster households against economic headwinds. The impact of the IRS staffing cuts is still unknown, but a dip in year-over-year tax filing activity, per the department, indicates a glut of returns and an uncertain timeline for refunds, which in turn may impact some of the firms that offer tax filing services, and rely on a percentage of those refunds for their own revenues. The Financial Lifeline

Yahoo Finance
Mar 16th, 2025
2025 Tax Season: Experts Share Top Tips To Maximize Your Return

Just one month remains in the 2025 tax filing season before the April 15 deadline. As of March 7, the Internal Revenue Service (IRS) has received fewer returns than in the same period in 2024, but the average refund is 5.7% higher, according to IRS data. Despite larger checks going out, tax season can be especially stressful. One survey from Intuit Credit Karma and Qualtrics found that nearly a third of workers want to cry just thinking about filing their taxes. To mitigate some of these worries (and tears), Yahoo Finance asked professional advisers about their top tips and reminders for the 2025 tax season. As of March 1, the IRS processed 98.8% of the filings it received, refunding $124.8 billion to taxpayers

Yahoo Finance
Jan 23rd, 2025
Are You Suffering From Money Dysmorphia? Here Are The Signs.

We all have a unique relationship with our finances shaped by our upbringing, culture, generation, and more. These influences can alter our perception of our finances and impact our choices — sometimes negatively.When a person has a distorted or unhealthy perception of their financial situation, it may be considered a form of “money dysmorphia.” Although it’s not a formally recognized psychological condition, the term is increasingly used to describe irrational beliefs or feelings about wealth, spending, or financial stability.If that sounds familiar, you may wonder if you have money dysmorphia. Learn more about the signs and symptoms, and what to do if you’re struggling.What is money dysmorphia?Drawing parallels to the mental health condition of body dysmorphic disorder (BDD) — commonly referred to as body dysmorphia — money dysmorphia refers to a distorted perception of your financial situation that doesn't match reality.For example, money dysmorphia can cause stress and anxiety around spending money, even though you earn plenty to cover all of your costs. Or it may drive you to overspend and have a distorted view of what you can truly afford.According to a 2024 study conducted by Qualtrics on behalf of Intuit Credit Karma, 29% of Americans experience money dysmorphia, with younger generations being more likely to report feelings of financial inadequacy (43% of Gen Z and 41% of millennials).7 signs of money dysmorphiaMoney dysmorphia doesn’t manifest the same way in every person. Some key indicators that you may be struggling with money dysmorphia can include:Avoiding checking your bank account balances, or constantly checking your account balancesMaxing out your credit cardsConstantly worrying about not saving enough moneyAvoiding spending any amount of money or making financial decisions because it causes you anxietyFeeling guilty or ashamed after spending moneyFeeling like you don’t have enough moneyConstantly comparing your financial situation to othersRead more: Most Americans are dissatisfied with their savings, survey showsRegardless of how money dysmorphia may present itself, the consequences can be severe and far-reaching.“The reality is that money dysmorphia can hold people back in personal and financial ways,” said Han Lim Kim, a licensed clinical psychologist at Clarity Therapy NYC. “You might be losing or hurting relationships by avoiding spending on activities with friends and family and miss out on the joys connected to these interactions

PYMNTS
Dec 12th, 2024
Report: Walmart And Ribbit Lead Fintech One’S $300 Million Funding Round

Walmart and investment firm Ribbit Capital are reportedly leading a funding round of more than $300 million for FinTech startup One, which is majority-owned by Walmart. The round, which has not closed, would value One at $2.5 billion before the new money is raised, Bloomberg reported Thursday (Dec. 12), citing an unnamed source. Neither Walmart nor Ribbit Capital immediately replied to PYMNTS’ request for comment

PYMNTS
Dec 5th, 2024
Intuit Debuts Tax Platform Tools For Consumers And Small Businesses

Intuit has rolled out new tax platform offerings for personal and small business filers. The company behind services like TurboTax, Credit Karma and QuickBooks announced the new tools Thursday (Dec. 5), saying they were part of its efforts to help taxpayers outside of tax season. “Receiving a tax refund is a pivotal moment in the financial lives of millions of Americans each year, so we’re laser focused on eliminating the work and worry of tax filing, delivering the best ‘done-for-you’ tax prep experience on the market that puts maximum refunds guaranteed into customers’ pockets faster,” Mark Notarainni, Intuit executive vice president and general manager of the company’s consumer group, said in a news release

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