San Francisco based financial wellness company Credit Sesame has raised a $42m funding round led by Menlo Ventures and Inventus Capital.
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Credit Sesame rakes in over $42 mln
Launched in 2011, Credit Sesame has attracted over 12 million members. The mobile and web solution provides consumers with tools to build a path to achieve financial wellness, including free access to their credit profile complete with their credit score, credit report grades, credit monitoring, interactive step-by-step tools and recommendations for better lending options. Credit Sesame has seen over 100 percent annual growth for the past three years and achieved full profitability in early 2017. A new strategic investor has also joined Credit Sesame’s consortium of investors in this round. A separate strategic partnership may be announced in the near future that will allow millions more to benefit from Credit Sesame’s services.
