Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more


The personal finance company Credit Karma today announced that it’s taken a new $175 million late-stage investment to fuel the expansion of its online consumer financial services offering.

The funding comes from Tiger Global Management, Valinor Management, and Viking Global Investors LP.

Credit Karma says it wants to add new services like student loan consolidation and customized insurance quotes to its current credit score monitoring offering.

Credit Karma, which now has some 40 million members, believes it has enough data to offer members critical financial advice. “Today, no one tells you when your credit rating goes up or when a lower interest rate is available for your loan,” said Credit Karma CEO Ken Lin in a statement.

“We’ll soon be able to let people know when they have an opportunity to save money and if they’ll be approved, with new levels of certainty,” Lin said. “Better yet, they only need to share their complete application when absolutely necessary, usually after knowing whether or not they’re approved.”

San Francisco-based Credit Karma has now raised a total of $368.5 million in venture capital.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member