Credit Karma, the platform that allows users to check their personal credit score and apply for loans, has raised a round of funding as it looks to IPO within the next 1.5 years.
Going forward it looks like Credit Karma will be using the new funds to expand its platform by offering quicker ways to consolidate loans and more. “We’re introducing a new level of ease and transparency to personal finance.” said Nikhyl Singhal, Credit Karma’s Chief Product Officer. “Our members will be able to apply for something without filling out endless forms. They’ll also only share the bare minimum of data necessary, yet they’ll have access to a large number of lenders.”