Tagged: credit karma

Fintech will Drive Some of the Largest Venture Capital Exits in the Next 5 Years, Steve Sloane from Menlo Ventures Predicts

Steve Sloane, a Principal at Menlo Ventures who focuses on investing in SaaS applications, marketplaces, and robotics, points out that Fintech has dominated the news cycle during 2020. He notes that there were some large exits this year, including those involving Credit Karma, Personal Capital,… Read More

10 Years Ago, QED Investors was Series A Lead in Credit Karma

QED Investors, an active venture capital firm that has backed many Fintechs, booked a big win this week it seems. Ten years ago, QED was the Series A lead investor in Credit Karma. Following the news this week that Intuit has purchased Credit Karma for… Read More

Turbo Tax Creator Intuit Reported to Buy Credit Karma

Intuit (NASDAQ:INTU), the creator of Turbo Tax, Quickbooks and Mint as well as an aspiring Fintech, is expected to pony up $7 billion to purchase Credit Karma, according to a report by WSJ.com. Intuit generates about $7 billion a year in topline revenue. During a… Read More

San Francisco’s Credit Karma Acquires Fintech Haven Money, a Savings App

As more startup initiatives acquire banking licenses, including tech firms, an established 12-year-old Fintech company has reportedly decided not to get into banking. Instead of becoming a bank, San Francisco-based Credit Karma has decided to support a team of five professionals who’re working on a… Read More

London Tech on Track for Record Year of VC Investment

This is London Tech Week and the city is doing a bit of well-deserved chest pounding touting its innovation cred. In data compiled by London & Partners, the Mayor of London’s inward investment agency, venture capital investment into London is booming. In fact even while… Read More

Survey: American Investors Lost $1.7 Billion on Bitcoin, Many Don’t Know Rules or Value of Tax Reporting

A survey conducted by the credit score provider Credit Karma of 1009 US adult Bitcoin investors has determined Americans investors may have incurred $1.7 billion in collective realized losses from Bitcoin speculation- about $718 USD each. The survey also determined an additional $5.7 billion in… Read More

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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