LOS ANGELES and SAN FRANCISCO, Nov. 17, 2016 /PRNewswire/ -- Credit Karma today announced it has established a long-term presence in the Los Angeles area. Founded in San Francisco in 2007, this marks the first expansion in California for the personal finance company.
"Our expansion to the Los Angeles area was an easy decision for us. Los Angeles and 'Silicon Beach' have a deep bench of technical talent. We're excited about the team we can build there," said Credit Karma Founder and CEO Kenneth Lin. "At Credit Karma we're focused on helping everyone — no matter who they are — make financial progress, which aligns well with the values of Southern Californians."
Credit Karma has a team of software engineers based in the Los Angeles area already. The company plans to hire additional staff, mostly software engineers, in the coming months. This team will focus on new business initiatives, including expanding Credit Karma's existing offerings in auto loans and auto insurance.
With its most recent valuation of $3.5 billion, Credit Karma is the highest-valued venture-backed personal finance company in the world. The expansion comes as the company enjoys incredible growth in membership and its total number of employees, which recently topped 500.
About Credit Karma
Founded in 2007, 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 a loan, looking for ways to save, or simply monitoring their credit, we offer a range of tools and personalized recommendations designed to help them make the most of their money. Our business model is unique in that no matter what new products or services we introduce, we're committed to providing a service that's always free. With more than 60 million members, we help people gain insight into their finances and credit information – and ultimately, improve their financial standing.
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SOURCE Credit Karma