Credit Karma is a personal finance company that's focused on helping everyone make financial progress.
Credit Karma is an American multinational personal finance company, founded on March 8, 2007, by Kenneth Lin, Ryan Graciano and Nichole Mustard. It is best known as a free credit and financial management platform, but its features also include free tax preparation, monitoring of unclaimed property databases and a tool to identify and dispute credit report errors.
All of Credit Karma’s services are free to consumers. Revenue from targeted advertisements for financial products offsets the costs of its free products and services. Credit Karma earns revenue from lenders, who pay the company when Credit Karma successfully recommends customers to the lenders.
On the 25th of November, Square’s Cash App announced a “definitive agreement” to buy Credit Karma’s tax unit for $50 million cash.
Though 2019 was not the best year for the IPO market, 2020 is expected to be rather interesting to observe. We will see Airbnb, DoorDash, GitLab, Robinhood, Wish, and a few others go public.
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