Tagged: credit karma

Credit Karma Announces Expansion into Insurance; Launches Auto Insurance Offers in California & Texas

Credit Karma announced earlier this week it is now offering car insurance in Texas and California. Credit Karma’s members in those states are now able to see what they could be paying for auto insurance based on what members like them are paying for the same coverage…. Read More

Mortage Fintech Approved Acquired by Credit Karma

Credit Karma, a Fintech in the lending space, has acquired Approved – a platform designed to modernize mortgage lending. Details of the acquisition were not revealed. The announcement was revealed in a blog post by Approved sharing that it would “build a consumer-facing digital mortgage experience… Read More

Credit Karma Secures $500 Million Strategic Secondary Investment From Silver Lake

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On Wednesday, Credit Karma announced it secured a $500 million strategic secondary investment from technology investment firm Silver Lake. According to Credit Karma, Silver Lake will acquire a significant minority in the company. Founder and CEO Kenneth Lin will remain the largest shareholder, and together with co-founders Nichole… Read More

Credit Karma Pays $160,000 Penalty Following SEC Charges of Unlawfully Offered Securities to Employees

The Securities and Exchange Commission (SEC) slapped the wrist of Credit Karma with a $160,000 penalty. The SEC said the San Francisco-based Fintech has agreed to settle charges that it unlawfully offered securities to its employees and failed to provide them with timely financial statements… Read More

Prosper Puts Limitations on New Borrowers, Blogs about Transparency’s Importance

Online lender Prosper Marketplace has put its relationships with the loan referral websites LendingTree and Credit Karma on hold, according to The Wall Street Journal, signifying the platform’s own lending slowdown as it tries to shore up new deals with investors to buy loans. Earlier this week, LendingClub raised… Read More

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