Fast Company profiles Kenneth Lin, who immigrated from China with his parents at age 4. Having raised over $386m since inception, Credit Karma is now embarking on mortgage refinancing recommendations. The company estimates that 20% of U.S. mortgage debt is represented on the Credit Karma platform.
Today the personal finance company adds mortgages to its product recommendations, building on its success with credit cards and more. From an early age, Credit Karma founder and CEO Kenneth Lin understood the value of money. He immigrated to the U.S. from China at age 4, landing in Las Vegas with his parents at a time when the booming desert town was defined by the rough glitz of craps tables and shrimp cocktails. His dad worked late hours, six days a week; his mom held multiple jobs and cooked for local bakeries. “They were always starting something,” says Lin, 41. “I saw that growing up and I think in many ways it really influenced me.”