Credit Karma Founder to Get Billion-Dollar Windfall From Sale
- Ken Lin poised for 10-figure windfall after Intuit purchase
- Intuit buying Credit Karma for $7.1 billion in cash and stock
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Ken Lin co-founded Credit Karma Inc. in 2007 after struggling to find out his own credit score. That’s something he probably won’t need in the future.
Intuit Inc. -- the software giant behind TurboTax -- said Monday it’s buying Credit Karma for about $7.1 billion in cash and stock. The firm, which offers free credit scores and help applying for cards and loans, has more than 100 million members and reported unaudited revenue of nearly $1 billion in 2019, according to a company statement.