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May 23, 2024 · He was also responsible for driving the adoption of the business’s proprietary Lightbox technology and establishing Karma Guarantee and Karma Drive. In addition, Ken Lin, Founder of Credit Karma, will retire from Intuit around the end of this calendar year and will be shifting his time toward helping others, including entrepreneurs.
- Weathering The Storm
- A Taxing Decision
- A LinkedIn Model For Management
- Opportunities For Acceleration
- A Return to Growth
To say that COVID-19 was not kind to Credit Karma’s business is an understatement. According to those inside the company, revenue dried up virtually overnight in the early days of the pandemic. Credit Karma primarily makes money by connecting banks and other lenders to qualified borrowers who might want to open a new credit card, take out a persona...
Even before the DOJ review, Credit Karma and Intuit knew the overlap in tax products would be a problem for regulators. Intuit’s TurboTax had been the clear market leader for tax preparation software for years before Credit Karma entered the market with its own free online tax product in 2017. “We knew they would have a question because we’re in th...
There were clear synergies between the Credit Karma and Intuit operations, but there was also a recognition that tightly integrating the companies and running Credit Karma products under the Intuit umbrella might not be the best way to get the most out of their strengths. “Integration [is] just a euphemism for slowing things down. So we talked a lo...
While the acquisition didn’t result in a change in organizational structure or a combined workforce, both sides were opportunistic about finding ways in which their products could accelerate growth between them. “First and foremost, Ken and I align on objectives, both short and long term, align on strategy and key priorities. Then we have a set wit...
For Credit Karma, 2020 was a challenging year. But after a year at Intuit, it’s reporting record results again. During the most recent quarter — Intuit’s fiscal Q1 2022 — Credit Karma contributed $418 million in revenue. That’s compared to just $144 million and $316 million in its first two quarters as part of Intuit. That growth was driven by stre...
Feb 25, 2020 · (Bloomberg) -- Ken Lin co-founded Credit Karma Inc. in 2007 after struggling to find out his own credit score. That’s something he probably won’t need in the future. Intuit Inc. -- the...
Sep 10, 2020 · With Credit Karma, Kenneth Lin (CAS’98) tackled a challenge with a sense of mission rooted in his own childhood. Lin founded the company in 2007, with the goal of creating a customer-friendly alternative to trickster credit score services. He has since raised $386 million, vaulting Credit Karma into the ranks of Silicon Valley’s startup ...
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Mar 24, 2020 · Expert Opinion By Ken Lin, Founder and CEO, Credit Karma @ kennethlin. Mar 24, 2020. Getty Images. When I first started Credit Karma in 2007, my co-founders and I received a lot of resistance...
Mar 25, 2015 · March 25, 2015. Your credit score really is a manifestation of your financial karma, isn’t it? Good and bad behavior reflected in that ominous number. That’s why Credit Karma offers a free way to...
Lin has said the inspiration for Credit Karma began in 2006 when he was discouraged by the cost of obtaining his credit score and sought to create an alternative. Credit Karma was established to provide free credit scores and proved to be a hit, growing (according to the company) to over 85 million users by 2020. [4]
