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Credit Karma acquires Approved Technologies

San Francisco-based Credit Karma Inc. has acquired San Diego-based Approved Technologies Inc., Bankingtech.com reported Aug. 17.

Terms of the transaction were not disclosed.

Credit Karma, which has more than 80 million members across North America, has originated more than $40 billion in credit products, according to the report. Approved Technologies, which provides a mortgage technology platform for borrowers, has originated about $5 billion in loans.