personal finance software founded 2007 1 headquarters san francisco california key people ken lin founder and ceo products credit scores credit reports credit monitoring revenue us 200 million 2014 number of employees 326 website creditkarma.com credit karma is a free credit and financial management platform for us consumers available on the web and major mobile platforms . founded in 2007 it provides free weekly updated credit scores and credit reports from national credit bureaus transunion and equifax alongside daily credit monitoring from transunion . 2 credit karma also provides credit tools such as a credit score simulator which simulates the effect of potential financial actions on a user s credit score ; and tailored financial recommendations based on each individual user s credit profile . in addition to its free credit reports and tools credit karma offers a my spending tool through account aggregation service yodlee which allows users to track their credit card loan transactions and balances in credit karma s interface . credit karma also hosts user forums for financial product reviews and credit advice and provides calculator tools for debt repayment amortization home affordability and simple loans . as of april 2015 credit karma had over 35 million members 3 and 250 employees . 4 it has 50 million members in 2016 . contents 1 founder and investors 2 credit karma s credit scores 3 business model 4 news 5 see also 6 references 7 external links founder and investors edit kenneth lin who previously founded multilytics marketing and worked with e loan and upromise 5 launched credit karma in 2007 with the website going live in february 2008 . 6 early investors include chris larson ceo of prosper and mark lefanowicz former president of e loan . 7 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 . 8 in 2013 credit karma secured 30 million in series b funding led by ribbit capital and susquehanna growth equity . 9 in march 2014 credit karma raised 85 million in series c financing led by google capital with participation from tiger global management and existing investors . 10 the company followed that with 75 million in follow on funding in september 2014 from google capital tiger global management and susquehanna growth equity . to date credit karma has raised 368.5 million in financing at a valuation of 3.5 billion . 11 credit karma s credit scores edit at the end of december 2014 credit karma began offering credit scores provided by equifax as well as transunion becoming the first reporting tool to offer weekly updated credit scores from two of the three major bureaus for free . 12 credit karma features vantagescore 3.0 credit scores which range from 300 to 850 . vantagescore 3.0 is a scoring model developed by the three major credit bureaus transunion equifax and experian aimed at providing more consistent scores . consumers can see updates to their credit scores on credit karma once a week . 13 credit karma also offers credit monitoring through transunion to alert users of changes in their credit report . business model edit all of credit karma s services are free to consumers . 14 revenue from targeted advertisements for financial products offsets the costs of free credit reports credit scores and credit monitoring . additionally credit karma is paid by lenders for successful recommendations . 15 news edit in august 2014 the federal trade commission ftc approved a final order settling an earlier complaint against credit karma for allegedly misrepresenting to the public the security of their mobile apps and for failing to protect the transmission of their customers sensitive personal information . this issue was limited to mobile applications operating on unsecured networks . there were no known individuals who were affected as a result and the ftc complaint did not charge any loss of sensitive data . in the settlement credit karma agreed to independent security evaluations of their systems every other year for the next 20 years . 16 the ftc alleged in its complaint that credit karma s mobile apps were launched with code that disabled secure sockets layer ssl validation . 17 the main allegations from the ftc included that credit karma overrode the default ssl certificate validation settings without adding back in other security measures to compensate for the override that it failed to appropriately test audit and assess its application and failed to appropriately supervise service providers security practices . 18 see also edit credit score in the united states credit sesame mint quizzle comparison of free credit report websites references edit credit karma . crunchbase . retrieved 3 april 2015 . basia hellwig 2015 02 02 . why credit karma is free & how it makes money . investopedia . retrieved 2015 04 03 . lin ken 2015 01 20 . new year new milestone credit karma membership hits 35 million . credit karma blog . retrieved 3 april 2015 . cooper julia 2015 03 13 . who s hiring these fast growing s.f. tech employers have big plans . san francisco business times . retrieved 3 april 2015 . kenneth lin linkedin . kincaid jason 2009 11 04 . credit karma raises 2.5 million to take the mystery out of credit scores . techcrunch . retrieved 4 april 2015 . levinson rick 2009 06 09 . credit karma introduces free credit card debt tracking tool . bloomberg l.p. archived from the original on 2012 01 12 . retrieved 2009 07 27 . kincaid jason 2009 11 04 . credit karma raises 2.5 million to take the mystery out of credit scores . techcrunch . archived from the original on 2012 01 12 . retrieved 2010 09 02 . . credit karma . 2013 04 02 https www.creditkarma.com about releases credit karma seriesb funding . retrieved 2014 11 04 . missing or empty title help shieber jonathan 2014 03 12 . credit karma confirms new 85m financing round led by google capital . techcrunch . retrieved 2014 05 21 . sharf samantha . credit karma raises 175 million at 3.5 billion valuation . forbes . retrieved june 2015 . check date values in access date help shin laura 2015 04 06 . credit karma adds a second free credit score . forbes . retrieved 6 april 2015 . free score providers vantagescore solutions vance ashlee 2014 07 30 . a free credit report with no strings attached . honest . bloomberg businessweek . retrieved 2014 11 04 . how it works . credit karma . archived from the original on 2016 09 16 . retrieved 2016 09 21 . if you get a product through one of our recommendations the bank or lender pays us . harris meena 21 august 2014 . ftc settlement requires fandango and credit karma to establish comprehensive security programs to protect consumers sensitive personal information . the national law review . covington & burling llp . retrieved 24 august 2014 . fandango credit karma settle ftc charges that they deceived consumers by failing to securely transmit sensitive personal information . federal trade commission . retrieved 24 august 2014 . larose cynthia j. ; jake romero 4 march 2014 . stop phoning it in on mobile security what your business needs to know about the federal trade commission s ftc settlements with fandango and credit karma . the national law review . issn 2161 3362 . retrieved 24 august 2014 . external links edit creditkarma.com official site retrieved from https en.wikipedia.org w index.php title credit karma & oldid 743698252 categories companies based in san franciscocreditpersonal finance websiteshidden categories pages with citations lacking titlespages with citations having bare urlscs1 errors dates navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact 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