Credit Karma, a San Francisco, California-based personal finance company, as per recent reports, has completed the acquisition of Noddle from TransUnion, announced earlier, in Nov. 2018. With this acquisition, the San Francisco-based Credit Karma plans to establish a strong presence in the UK finance market.
Last year, in Apr. 2018, TransUnion announced to acquire CallCredit for $1.4 billion, and as part of this acquisition, TransUnion also acquired Noddle. Later in Nov. 2018, last year, it announced its plans to sell Noddle to Credit Karma.
Credit Karma, which will be welcoming over 30 Noddle employees, has already made plans for the future course of 1 year. Credit Karma, with the help of Noddle, will be tripling its team size in London and Leeds over the duration of the next year, furthermore, the company will be relocating into a larger office space in Leeds and plans on opening new corporate headquarters in London, UK.
The Noddle will be re-branded as Credit Karma in the coming few weeks, furthermore, as part of the company’s UK growth strategy, Credit Karma’s co-founder -Nichole Mustard, will be relocating to the UK to oversee the company’s operation.
Nichole Mustard, co-founder and chief revenue officer of Credit Karma, says: “Now that the deal has closed, we can get to the real work of championing financial progress for our members in the UK. To do this, we’re investing heavily in our in-market offering and scaling up significantly. We’re looking to triple the team in the UK and open new offices in Leeds and London.”