![]() "With Credit Builder, we are able to differentiate ourselves as one of the best accounts for building credit. "Credit Karma Money was built to change consumers’ relationship with money and help them develop responsible financial habits, like staying on top of their bills and spending within their means," said Poulomi Damany, SVP and GM for Credit Karma Money and Tax. This acquisition will enable Credit Karma Money to continue to build on that momentum and help put more members on a path to financial security. Through this partnership, members increased their score by an average of 21 points in as little as 30 to 45 days 2 and built up over $10 million in savings. By reporting these payments to the credit bureaus, members took steps toward improving their financial health. Late last year, Credit Karma entered into a partnership with SeedFi to offer Credit Builder to its members, enabling them to make regular payments, starting with as little as $20 per month or $10 per paycheck. ![]() By combining SeedFi’s Credit Builder technology with Credit Karma’s long standing relationships with credit bureaus and others in the credit ecosystem, Intuit will be able to move with greater speed and scale to help Credit Karma members make financial progress. Credit Builder offers a line of credit and a secured savings account enabling members to build their credit while building up savings. MOUNTAIN VIEW, Calif., December 01, 2022-( BUSINESS WIRE)- Intuit (Nasdaq: INTU), the global financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced today it has entered into an agreement to acquire SeedFi, the partner behind Credit Karma’s Credit Builder 1, which helps low, or no-credit borrowers build credit while saving money, all for free. SeedFi’s Credit Builder feature will join Intuit’s Credit Karma business to help more members build credit while saving money
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