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Credit Karma holds Ballantyne ribbon cutting

Credit Karma’s CEO said the company has already brought on roughly 450 employees.

CHARLOTTE, N.C. — Credit Karma cut the 'ribbon' on their East Coast headquarters in Charlotte's Ballantyne neighborhood Thursday.

Credit Karma CEO Kenneth Lin and North Carolina Governor Roy Cooper were both in attendance for the ceremony.

First announced in May of 2021, the company is expected to invest more than $13 million and provide 600 new high-paying jobs. The jobs are expected to pay an average of $156,000 a year.

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Credit Karma is an online finance company that connects consumers to their credit score and credit offerings, including those from credit cards and loans.

The Ballantyne office is responsible for building some of the company’s most important products. It will be the home base for its engineering teams, as well as members of its talent, marketing and member support teams.

People started coming to work at this office in late February and work in a hybrid model where they can choose what days they come to the office. Credit Karma said the office space was designed to be an inclusive environment that inspires employees to do their best work.

Credit Karma’s CEO said the company has already brought on roughly 450 employees.

Gov. Cooper said he can see why so many companies are wanting to bring their business to North Carolina. 

"It is a place where you can work, play, raise your family, make a good living," Cooper said. "That's exciting, and I think that companies -- not just across the country but across the world -- are seeing this place for what it is. This is definitely an urban area, but hometown feel." 

Instead of cutting a ribbon Thursday, Gov. Cooper and Lin cut a dogwood to be true to North Carolina’s roots.

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