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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.

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.

The San Francisco-based company started in 2007.