California based credit management platform has raised $43m of Series E capital led by ATW Investors.
Led by ATW Investors, the funding also includes previous investors Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital Groups, Symantec, Capital One Ventures and Stanford University. The funding will be earmarked for artificial intelligence (AI) algorithms and business expansion. Although there is competition from Credit Karma, NerdWallet, Experian, ClearScore, Equifax and others, Credit Sesame said it has a unique approach to helping people manage their credit score. The company’s RoboCredit algorithm is based on a basic score provided by TransUnion, but also includes other factors to show people what they should do to improve their credit scores. Users can check their credit scores for free and explore various options for loans and other debts that could affect their scores.