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Credit Karma's $75M raise makes it a bigger threat to the credit bureaus

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Credit Karma, a startup that provides credit scores and recommendations for credit cards, announced a $75 million round this morning, just eight months after grabbing $85 million in funding.

The new money, which will go toward product development and growth, comes from existing investors Google Capital, Susquehanna Growth Equity, and Tiger Global Management.

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And it should come in handy to keep challenging longtime credit report and credit score providers, as well as startups like Credit Sesame.

The startup’s valuation now exceeds $1 billion, the Wall Street Journal reported today.

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