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Silver Lake Invests $500 Million in Credit Karma
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Silver Lake Invests $500 Million in Credit Karma

Silver Lake Invests $500 Million in Credit Karma

Fintech Nexus Staff·
FintechNews RoundupUSA
·Mar. 28, 2018·1 min read

According to the WSJ, Credit Karma isn’t receiving any proceeds or issuing new shares as part of the deal; Silver Lake will instead be purchasing shares from early investors and employees in a secondary sale; the investment values the company around $4 billion; Credit Karma generated $500 million in revenue in 2016 and according to CEO Kenneth Lin they have been growing at a double-digit pace since; Credit Karma last raised money in 2015. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

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