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.
The rush of funding for fintech startups continues. TechCrunch has learned and confirmed that Credit Karma — a platform that provides credit scores to users but also serves as a portal for people to search and apply for various financial services like loans, credit cards and insurance — has raised a round of funding of $175 million on a valuation of $3.5 billion. Moreover, from what we understand the company is on track to file for an IPO within the next 1.5 years. The funding comes from Tiger Global Management, Valinor Management and Viking Global Investors LP, and brings the total raised by Credit Karma to $368.5 million.