Credit Sesame Brings In $42 Million
Fintech startup Credit Sesame announced it has raised $42 million in financing. Six investors participated in the round, among them Menlo Ventures, Inventus Capital Partners, Globespan Capital Partners, IA Capital Group, and SF Capital Group.
Credit Sesame is a free online personal finance tool that provides consumers ways to save money on loans and credit needs. The company’s patent-pending analytics engine automatically reviews all of its users’ debt, home loans and credit, and evaluates thousands of lending products to bring them “unbiased, personalized” recommendations for maximum savings. Credit Sesame also delivers a free monthly credit score, a complete view of users’ credit and debt, and market monitoring for instant alerts and savings opportunities.
The funds will be used to accelerate Credit Sesame’s growth, hiring, and member acquisition, and to advance its analytics, robo-advisor, and machine learning technologies.
