Intuit buys Credit Karma. Intuit buys Credit Karma for $7.1 billion. Founded in 2007, Credit Karma has 100 million members in the United States, Canada, and the United Kingdom. B est known for helping people track and control their credit, members use the firm for everything finance. This includes identity monitoring, applying for credit cards, shopping for a car, home, or personal loan, filing taxes, and high-yield savings accounts. It’s a personal financial assistant providing insights into your money and helping you find the right products. The deal unites two fintech leaders with a shared goal to help you manage debt, maximize savings, access better credit cards and loans, and put more money in your pocket. The background scenery is a United States household debt of $14.1 trillion. This includes $9.6 trillion mortgage debt, $1 trillion in credit cards, and $1.5 trillion in student loans. Sasan Goodarzi of Intuit said:...
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