Tag Archives: Credit Karma

Credit Karma touts $500 million in revenues | TechCrunch

It turns out that you can make a lot of money by giving stuff away for free. That’s the lesson from Credit Karma, which today is announcing that it’s running its business profitably after earning $500 million in revenues last year.

Credit Karma launched to help consumers better understand their finances and to provide access to better financial products. Its flagship product is a free credit report and credit monitoring service, which it launched five years ago. Since then, the company has signed up more than 70 million users, which includes about one half of all millennials in the U.S.

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Should Tax Preparation Be Free? Credit Karma Challenges TurboTax | Bloomberg

Tax preparation isn’t rocket science.

That’s Kenneth Lin’s pitch to get you to use Credit Karma, his popular credit-monitoring site, to do your taxes online for free. He’s striking out at TurboTax and H&R Block, which are now charging the typical homeowner or investor more than $90. Their prices have jumped more than $20 over the past month, the tax preparer’s version of surge pricing, as the April 18 filing deadline approaches.

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