Credit Karma expanding in Charlotte

Gov. Roy Cooper participated virtually in the announcement of Credit Karma expanding its Charlotte operations. David Flower/City of Charlotte

CHARLOTTE – Credit Karma announced May 25 that it is expanding its operations in the Ballantyne area, adding 600 new jobs and investing $13 million to transform its existing operations into an East Coast headquarters.

The tech platform joined the community in 2017. The expansion will bring its total headcount in Charlotte to more than 900 employees. These new jobs will drive the technical vision for its engineering organization, with a focus on scaling.

“The intersection of technical talent and having so many financial companies concentrated in one market makes Charlotte's talent pool unrivaled for the roles Credit Karma is recruiting for as we accelerate on building products to deliver on our mission of championing financial progress for all,” CEO Kenneth Lin said.

Mayor Vi Lyles said the announcement boosts the city's identity as a strong market for technology, especially fintech.

"When you look back at the last four years of expansions, from Lending Tree to AvidXchange to Better Mortgage to Robinhood and now Credit Karma, it's getting hard not to make the argument that Charlotte is the dominant future force of fintech nationwide,” Charlotte City Council Tariq Bokhari tweeted.

Credit Karma’s expansion caps off an uncharted year for Charlotte’s economy as it grappled with the COVID-19 pandemic. Since March 2020, the city’s business recruitment team has announced more than 5,000 new jobs, including Centene’s East Coast headquarters and technology hub as well as Arrival Automotive’ s North American headquarters.

“As we round the corner of the pandemic, Charlotte is proving to be a top destination for companies and workers looking for an affordable, urban market and high-quality lifestyle,” said Fran West, assistant economic development director.

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