Kenneth Lin, who previously founded Multilytics Marketing and worked with
E-Loan and Upromise, launched Credit Karma in 2007 with co-founders Ryan Graciano and
Nichole Mustard. The website went live in February 2008. In November 2009, Credit Karma closed a $2.5 million Series A funding round led by QED Investors, with participation from
SV Angel, Felicis Ventures and Founders Fund. By 2013, the company secured $30 million in Series B funding led by
Ribbit Capital and Susquehanna Growth Equity. In March 2014, Credit Karma raised $85 million in Series C financing, led by CapitalG, with contributions from Tiger Global Management and existing investors. The company followed that with $75 million in follow on funding in September 2014 from
CapitalG,
Tiger Global Management and Susquehanna Growth Equity. As of 2015, Credit Karma had raised $368.5 million in financing, at a valuation of $3.5 billion. By December 2015, the company acquired mobile notifications app developer Snowball for an undisclosed amount. In 2016, Credit Karma acquired money reclamation service Claimdog. In December 2016, Credit Karma acquired AFJC Corporation, owner of OnePriceTaxes.com, to accelerate its entry into the tax preparation market. Related to the launch of tax preparation services, the company increased its workforce and opened offices in Los Angeles and Charlotte, North Carolina. In August, it acquired mortgage platform Approved for an undisclosed amount. In May 2019, Credit Karma expanded into the United Kingdom by acquiring the customers of
Noddle, a credit reporting service, from
TransUnion. In December 2020, Intuit acquired Credit Karma for approximately $7.1 billion. The acquisition faced delays due to a DOJ antitrust lawsuit. To address these concerns, Credit Karma agreed to divest its free tax preparation service, Credit Karma Tax, which competed directly with Intuit's TurboTax product. That same month, Credit Karma announced that it was moving its headquarters across
San Francisco Bay from San Francisco to Oakland. In August 2021, Credit Karma reached an agreement with
NBA franchise
Houston Rockets to have the company's name appear on the team's jerseys beginning in the 2021 season. In September 2022, the
Federal Trade Commission (FTC) ordered Credit Karma to pay its users $3million for "false claims" that impacted their credit scores. Nearly one-third of pre-approved users who applied for credit cards were eventually denied following a credit check, costing their time and a negative impact to their credit score. Credit Karma reached a settlement with the FTC and stated that the company is paid only when users are approved for products like credit cards. A May 2025
Fox Business article highlighted the
Southwest Public Policy Institute’s study "Swipe Right". The report found that platforms like Credit Karma,
NerdWallet, and
LendingTree expand access to credit by helping consumers compare financial products more effectively. == Products and services ==