Credit Sesame, a Mountain View, CA-based personal finance company, secured $16m in Series D funding round.
The round was led by Syncora Alternative Investments with IA Capital Partners as its advisor and with participation from Menlo Ventures, IA Capital, Globespan Capital, Inventus Capital and number of other investors.
The company, which expects to raise additional capital in the near future, intends to use the funds to to ramp up marketing, expand its consumer services for credit and loan management services and open offices in San Francisco.
Led by Adrian A. Nazari, Founder, President and CEO, Credit Sesame allows consumers to monitor and manage their credit and loans offering a complete picture of their credit, including their credit score, loans and peer comparison on the web and via a mobile app.
The company recently reached $50 billion active user loans under management and over $2 billion in consumer loan originations by its partners through the platform in consumer credit, loans and mortgages.