Credit Sesame, a San Francisco, CA-based consumer credit health management platform, closed over $43m in equity and debt funding.
The round, which brought total funding raised by the company to $110m, was led by ATW Partners, with participation from existing investors Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital Groups, Symantec, Capital One Ventures, and Stanford University, among others.
The company intends to use the funds to expand data science, engineering, product and marketing teams in both its San Francisco and Mountain View offices.
Led by founder and CEO Adrian Nazari, Credit Sesame provides a platform for consumers to improve their credit health and create opportunities for themselves and their families, from securing approvals for car and home loans to determining insurance rates.
The company’s RoboCredit™ technology simplifies and automates the management of consumer credit and liabilities. It leverages aggregated data and advanced analytics at scale to provide consumers with personalized, actionable insights to help them manage and improve their credit and financial health.
The system has already helped millions of users improve their credit scores, increase their approval odds, lower the cost of credit and save money.