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How Credit Karma is accelerating its presence in the Charlotte market

How Credit Karma is accelerating its presence in the Charlotte market (Charlotte Business Journal)
(Charlotte Business Journal)

CHARLOTTE — Credit Karma continues to build its presence in Charlotte, adding hundreds of employees and getting more involved in community work.

Since May, the consumer finance company has added more than 200 full-time employees in Charlotte, bringing the total to nearly 400, said Colleen McCreary, chief people officer. Many of the hires were for product and engineering roles. The firm ran out of space in the Calhoun Building in Ballantyne. It has signed on for a larger office in that area, but McCreary declined to give more details.

This spring, Credit Karma announced a 600-job expansion in Charlotte by 2026, part of a $13.25 million investment here. It came with eligibility for $21.3 million in state incentives, plus approximately $186,000 from the city. The expansion establishes an East Coast technology hub here. The average salary for the new jobs is $156,600.

“Our Charlotte office is booming, and it’s got a little bit of everything there now,” McCreary said.

She estimates about 60% of hires for Credit Karma’s Charlotte office are already local. There are out-of-state relocations, including a couple of C-suite executives who moved from California. Credit Karma has also been open to recruiting some of the talent recently laid off from Better.com.

Read more here.

(WATCH HERE: Charlotte announces $250M investment in education, housing, jobs in step toward racial equity)

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