Funds firm Sq. stated Tuesday it would purchase Credit score Karma’s tax enterprise for $50 million and combine it into its Money App, a serious hub for bitcoin gross sales.
Money App will make Credit score Karma’s do-it-yourself tax-preparation software program out there to its 30 million month-to-month customers totally free, Sq. stated. These customers already ship funds, handle bank cards, spend money on shares and more and more buy bitcoin from the favored app.
Credit score Karma is promoting the operations as a situation to achieve U.S. Division of Justice approval for its $7.1 billion acquisition by Intuit.