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Credit Karma acquires Approved Technologies

San Francisco-based Credit Karma Inc. has acquired San Diego-based Approved Technologies Inc., 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.