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Credit Karma Brings in $30 Million in Series B Funding, Launches PFM Option


Credit monitoring and reporting company, Credit Karma announced today that it raised $30 million in Series B funding.

This new round, which is 10 times more than the San Francisco-based company’s Series A round closed in 2009, was led by Ribbit Capital. Other investors include:

    • Susquehanna Growth Equity
    • Felicis Ventures (existing investor)

TechCrunch reports that with this new funding, Credit Karma plans to almost double its staff by the year’s end and develop new products and services, which it is doing this week with the launch of Insight.

Insight is an expansion of Credit Karma’s services that provides consumers with a Mint-type view of their finances that they can view all in one place (see screenshot below).


Credit Karma demoed at FinovateStartup 2009.