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Climb Credit acquires Career Karma for growth

Sep 04, 2025•6 days ago

Acquiring Company

Climb Credit

Acquired Company

Career Karma

New YorkSan FranciscoLendingFintechFinancial ServicesEducationSoftwareInformation Technology

Description

Climb Credit has announced its acquisition of Career Karma to enhance access to career training. This strategic move aims to combine their strengths in supporting the learner journey and expanding into new industries. Climb will carry forward Career Karma's mission while offering innovative resources for students. The acquisition is set to create a more effective platform for prospective students seeking training programs.

Company Information

Company

Climb Credit

Location

New York, New York, United States

About

Climb Credit is a mission-driven lender that partners with schools to make career-focused education accessible and affordable. The company provides financing for a range of in-demand programs, including healthcare, technology, and skilled trades. They focus on addressing financial barriers faced by students entering critical healthcare professions. Their loan products are designed to offer inclusive approval standards and flexible repayment options.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed