Credit Sesame

Investment Highlights

Company Overview

Credit Sesame is a credit and loan company.

Credit Sesame helps you access, understand, leverage, and protect your credit all under one platform – free of charge.

Credit Sesame is safe and uses the same security measures as banks and the government to keep your information safe and secure.

Credit Sesame pulls your credit information once a month from TransUnion and also uses VantageScore to determine your credit score. As such, it can be said to be reasonably reliable. Using Credit Sesame does not affect your score in any way.

In March 2020, Credit Sesame created another groundbreaking milestone with the launch of the first-ever online bank account that allows consumers to grow their cash and credit together, and rewards them in cash for improving their credit score.

We are now one of the fastest growing and most rewarding online banking services in the country.

Revenue is also generated from its Premium Subscription Business as well as hosting targeted advertising from third parties and initiating loans to help manage billions of dollars in consumer debt. Credit Sesame has managed over US$2B+ in loans originating from its site.

Financials

Total Funding (as of June 2021) – US$171.5M

Last funding round (January 2021) – US$51M (Series G)

Enterprise Value US$28B

Team

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