What do Lending Club, Survey Monkey, and Credit Karma have in common? Answer: they’ve all received financing from Google Capital.
That’s exactly who led Credit Karma’s most recent $85 million financing round. Other investors include:
- Tiger Capital
- Susquehanna Growth Equity
- Ribbit Capital
TechCrunch reports that, of the $85 million in total funding, $60 million is going directly to Credit Karma, while the remaining $25 million is going to provide liquidity to shareholders and employees.
This round brings Credit Karma’s total funding to $118.5 million for its B2C-play credit score reporting and management platform. In the future, it seeks to be the Kayak for financial services and is looking to partner with banks to be a recommendation engine to help consumers better manage their debt.
Credit Karma last demonstrated at FinovateStartup 2009, where it debuted its Debt Manager.