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

By Olivia Minnock
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. Cre...

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.

SEE ALSO:

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.

Share

Featured Articles

Wise and Swift join forces on faster cross-border payments

Wise and Swift are joining forces to empower banks and FIs to deliver more cross-border payment optionality as part of a broader long-term partnership

Marqeta: over half of people want Gen AI help with finances

Over 50% of younger consumers want Generative AI to help them with managing their finances, according to a new report published today by Marqeta

Fintech super-app Rauva to acquire Portuguese bank for €30m

Portugal's fintech super-app Rauva is to acquire the bank Banco Empresas Montepio for around €30m, advancing its business solutions

UK's Zopa Bank gets £75m of fresh funding from investors

Banking

Trustly acquires recurring payment provider SlimPay for €70m

Financial Services (FinServ)

Citi invests in Peruvian foreign exchange fintech Rextie

Financial Services (FinServ)