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Credit Karma Missed 2017 Revenue Target, Documents Show

  • San Francisco startup helps people find loans, credit cards
  • Silver Lake recently took about $500 million stake in company
RF credit cards wallet
Photographer: Image Source/Image Source

Credit Karma Inc., one of top 10 most valuable financial technology startups, missed its 2017 revenue goal by 14 percent, according to an internal presentation.

The San Francisco-based company, which offers personal finance tools such as credit monitoring and tax preparation, had an internal goal for 2017 revenue of $790 million, but fell short of that by $108 million, the document shows. Its revenue largely comes from the fees it charges credit-card companies and other lenders for connecting them to its customers. The service is free for consumers.