[6] Kenneth Lin, who previously founded Multilytics Marketing and worked with E-Loan and Upromise,[7] launched Credit Karma in 2007[8] with co-founders Ryan Graciano and Nichole Mustard.

[10] By 2013, the company secured $30 million in Series B funding led by Ribbit Capital and Susquehanna Growth Equity.

[12] In March 2014, Credit Karma raised $85 million in Series C financing, led by CapitalG, with contributions from Tiger Global Management and existing investors.

[17] In December 2016, Credit Karma acquired AFJC Corporation, owner of OnePriceTaxes.com, to accelerate its entry into the tax preparation market.

[18][19] Related to the launch of tax preparation services, the company increased its workforce and opened offices in Los Angeles and Charlotte, North Carolina.

[25] In August 2021, Credit Karma reached an agreement with NBA franchise Houston Rockets to have the company's name appear on the team's jerseys beginning in the 2021 season.

[27] In November 2023, Intuit announced that the financial service Mint would be shut down and integrated with Credit Karma in January 2024.

[33] In November 2020, Square, Inc. announced it was acquiring Credit Karma Tax for $50 million and would make it a part of its Cash App unit.