Credit Karma - M&A Summary, Ownership, and Business Overview

Internet Software And ServicesCompany

Credit Karma M&A Summary

Credit Karma has acquired 2 companies of its own. It has also divested 1 asset.

It’s largest disclosed sale occurred in 2020, when it sold Credit Karma Tax to Block for $50M. Credit Karma has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include information services (50%) and internet software and services (50%).

Credit Karma Ownership

Who owns Credit Karma?

Credit Karma is owned by Intuit. It was acquired on February 24, 2020.

Was Credit Karma formerly PE-backed?

Yes. Credit Karma was formerly owned by 4 private investors.

Credit Karma Business Overview

Where is Credit Karma headquartered?

Credit Karma is headquartered in San Francisco, California.

What sector is Credit Karma in?

Credit Karma is an internet software and services company.

When was Credit Karma founded?

Credit Karma was founded in 2007.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity2
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

Credit Karma, Inc.

27 South Park Street, Suite 101,
San Francisco, California 94107
United States,
(415) 692-5722
www.creditkarma.com

Credit Karma, Inc. is a provider of free consumer credit scores, delivered online and via mobile devices to users on-demand. Credit Karma provides these customers comprehensive, consolidated, and integrated views of their financial condition through credit scores and personalized financial analytics and gives users access to unique offers from consumer financial services companies.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
Sell (0.2/yr) # - 1 - - - - 1
vol $50M $50M
  3

Most Recent M&A

Company Date Value Type
Credit Karma Tax 2020-11-25 50M USD Divestiture
San Francisco, California
Noddle 2018-11-05 - Divestiture
London, United Kingdom · www.noddle.co.uk
Approved Technologies, Inc. 2018-08-16 - Add-on Acquisition
San Francisco, California · www.getapproved.io
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 1 (50%) - 1 (100%) 50M (100%)
Information Services 1 (50%) - - -
Total 2 - 1 $50M

By Geo

State/Country Buy Value Sell Value
United States 1 - 1 50M
  California 1 - 1 50M
United Kingdom 1 - - -
Domestic 1 (50%) - 1 (100%) 50M (100%)
Cross-border 1 (50%) - - -
Total 2 - 1 $50M

Top M&A Advisors

Financial Deals
Goldman Sachs
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
1
Wilson Sonsini Goodrich & Rosati
1

Deal Values

sell # Total
< $100M 1 $50M
TOTAL $50M
Largest Credit Karma Tax
$50M (2020-11-25)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)
Divested to
Strategic(s)
100%
1 (100%)

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