Wednesday, July 15, 2020

TransUnion completes sale of Noddle to Credit Karma

Leeds-based TransUnion has completed the sale of Noddle, its credit reporting and monitoring service, to Credit Karma, after securing FCA approval.

TransUnion acquired Noddle in 2018 as part of its acquisition of Callcredit and previously announced on 5 November 2018 that it had agreed to sell Noddle to Credit Karma.

“We are pleased to have completed the sale of Noddle to Credit Karma, further to regulatory approval, and we are confident that the business will continue to prosper under new ownership,” said John Danaher, TransUnion’s president of Consumer Interactive.

“UK consumers will continue to benefit from the free information monitoring and financial health solutions offered through Noddle, and TransUnion will continue to provide Noddle with credit reporting information.”

Credit Karma is a consumer technology company that helps its more than 85 million members in the US and Canada make the most of their money.

The company currently offers a range of personal information monitoring and financial health improvement products in the US and Canada that are free for members.

Nichole Mustard, co-founder and chief revenue officer of Credit Karma, added: “Now that the deal has closed, we can get to the real work of championing financial progress for our members in the UK.

“To do this, we’re investing heavily in our in-market offering and scaling up significantly. We’re looking to triple the team in the UK and open new offices in Leeds and London.”

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