US fintech Credit Karma to triple UK presence as part of global expansion

Credit Karma, one of the largest private fintechs in the US, is set to boost its presence in the UK following expansion plans announced last year.

Credit Karma provides free credit scores and information for users on finance products such as loans and credit cards.

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It has now completed its takeover of UK business Noddle, which was announced in November last year. The company has taken on 30 of Noddle’s staff and removed paywalls from Noddle services. It will now aim to triple Credit Karma staff in the UK, making numbers up to around 100.

At the time of the takeover, Noddle had around 4mn users. Co-founder and Chief Revenue Officer Nichole Mustard stated last year that entering the UK was a “natural first step” on the company’s journey and it has ambitious goals to expand.

The company has also recently expanded within the US, boosting its operations in San Francisco’s Bay Ares with new office space in Oakland.

As of the end of last year, Credit Karma had around 85mn users in the US and Canada and was valued at about $4bn.