Credit Sesame, a Sunnyvale, California-based free service provides consumers with tools to monitor their credit and loans in one place and save money on debt, has raised $12m in new funding.
The round was led by Globespan Capital Partners, with participation from existing investors Menlo Ventures and Inventus Capital.
The company intends to use the funding to expand the reach of its services and to continue to develop its patent-pending analytic tools (including its mobile app), hiring marketing and engineering staff (http://www.creditsesame.com/about/jobs/).
Founded in 2010 by CEO Adrian Nazari, Credit Sesame provides a proprietary analytics engine that analyzes a consumer’s credit profile against thousands of available financial products in the market to find solutions to help them save money and meet their individual financial goals.
The company’s solutions were developed by Stanford University scientists.