San Francisco-based personal finance company Credit Karma was recognized in the Best Financial Technology Company category at an awards gala on May 24, 2016 by The San Francisco Business Times in its annual Tech and Innovation Awards.
The Business Times received more than 300 nominations across the 11 categories for the prestigious award. Winners were selected by a panel of judges made up of past Tech & Innovation Award winners, leaders in Bay Area technology innovation and The San Francisco Business Times’ editorial team. Judges looked for companies that were revolutionizing their space and experiencing significant growth, as well as how well they stood out against companies in the same space.
An article in the publication when the award was announced featured Founder and CEO Kenneth Lin and referenced the company’s status as “the third-highest-valued venture-backed financial company in the United States.” It also referenced some of the company’s largest investors, Google Capital, Tiger Global Management and Susquehanna Growth Equity and the company’s $3.5 billion valuation.
Lin started Credit Karma in 2007 to provide truly free credit scores as a way of creating transparency and helping people take charge of their financial lives. Membership has since grown to more than fifty million people in the U.S. — one in four Americans with a credit profile — and the company has expanded beyond free credit scores to play a role as a mobile assistant to help make financial progress possible for everyone.
Services include:
• Full credit reports
• Daily credit monitoring
• Financial account monitoring
• Full credit information from two of America’s major credit bureaus
• Educational tools and content.
More innovations are in the pipeline for 2016 as the company continues to roll out new ways to help people manage their credit profile and save money every month.