US Startup ‘Credit Karma’ Offers a Range of Tools and Personalized Recommendations Designed to Help Customers Make the Most of Their Money.
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Founder: Kenneth Lin
Founded: 8th March 2007
CEO: Kenneth Lin (Mar 2007–)
Headquarters: San Francisco, California, United States
Number of employees: 700
Credit Karma is a personal finance company that’s focused on helping everyone make financial progress. Whether they’re interested in getting a better deal on loan, looking for ways to save, or simply monitoring their credit, Credit Karma offers a range of tools and personalized recommendations designed to help them make the most of their money. With more than 100 million members, Credit Karma helps people gain insight into their finances and credit information, ultimately improving their financial standing.
Credit Karma Money, a new checking and savings account from the company best known for its credit monitoring service, recently launched a significant new feature. Called Instant Karma, the program rewards users by randomly refunding purchases. So far, since launching the feature, Credit Karma says it has rewarded 100,000 transactions worth $5 million.